US EditionTwo Out of Three BMD Member Brands in Legal Disputes Over Rent
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Two Out of Three BMD Member Brands in Legal Disputes Over Rent
A recent survey by the United Brands Association (BMD), which represents 518 non-food retail brands, has revealed that 64% of its member brands—or two out of every three—are currently involved in legal disputes with their landlords over rent issues. BMD President Sinan Öncel emphasized that rent is one of the most significant expense items for retail brands. He noted that in lease agreements that have reached their 10-year renewal mark, some lan…
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