Sandwich chain Pret a Manger has referred to as in consultants to assist renegotiate its rents because it makes an attempt to keep away from retailer closures in the course of the coronavirus epidemic.
Greater than 300 of its 400 shops may have reopened as of subsequent week.
However the chain is anticipating lowered footfall as workplace employees proceed to make money working from home.
Chief government Pano Christou mentioned Pret, like others, had been “radically” adapting its enterprise mannequin.
“Diminished footfall, mixed with excessive rental prices, have positioned substantial stress on our enterprise,” he mentioned.
Mr Christou mentioned the corporate was placing collectively a “clear plan” to deal with the problems and making good progress.
“Whereas Pret might feel and appear a bit completely different within the quick time period, if we take the proper steps right this moment, we’ll make it possible for Pret can thrive sooner or later,” he mentioned.
It comes after trade physique UK Hospitality urged the federal government to discover a resolution to the rental issues going through many companies within the struggling hospitality sector.