82 409
Fashion Jobs
MICHAEL KORS
PT Sales Supervisor, Walt Whitman Shops Huntington Station NY 11746
Permanent · HUNTINGTON
JCREW
Associate Manager
Permanent · CHARLOTTE
RAG & BONE
Account Executive
Permanent · NEW YORK
RAG & BONE
Senior Coordinator, Retail Marketing
Permanent · NEW YORK
MACY'S
Manager, Asset Protection
Permanent · FRIENDSWOOD
MACY'S
Asset Protection Detective, Southlake Mall - Part Time
Permanent · CLAYTON
MACY'S
Asset Protection Detective - Multi-Store, South Shore Plaza - Full Time
Permanent · BRAINTREE
MACY'S
Asset Protection Lead Detective - Multi-Store, South Shore Plaza - Full Time
Permanent · BRAINTREE
MACY'S
Manager, Asset Protection - Multi-Store
Permanent · FAIRVIEW HEIGHTS
STAND OUT FOR GOOD
Brand Rep
Permanent · LEAWOOD
RALPH LAUREN
Associate Manager
Permanent · TEXAS CITY
RALPH LAUREN
Associate Manager
Permanent · LEEDS
RALPH LAUREN
General Manager
Permanent · ALBERTVILLE
RALPH LAUREN
General Manager
Permanent · WOODSTOCK
QVC
Area Manager- Fulfillment Center, Nights
Permanent · SUFFOLK
QURATE RETAIL GROUP
Area Manager- Fulfillment Center, Days
Permanent · FLORENCE
LEE
PT Keyholder, Ellenton, FL
Permanent · ELLENTON
SUPRO CONSULTING
Area Sales Manager - on Roll - Opening
Permanent · SALEM
URBN
Anthropologie Design Director
Permanent · PHILADELPHIA
SACK OFF 5TH
Merchandise Planner, Women’s Core/Trend/pl Shoes
Permanent · NEW YORK
HUGO BOSS
Employee Relations Specialist
Permanent · DALLAS
AMERICAN EAGLE OUTFITTERS
ae - Merchandise Leader (Part-Time) - us
Permanent · EDINBURGH
Published
Mar 20, 2020
Reading time
2 minutes
Download
Download the article
Print
Text size

Ivanhoé Cambridge grants rent relief to Quebec shopping centre tenants

Published
Mar 20, 2020

Mall landlord Ivanhoé Cambridge announced on Thursday some much needed financial relief for tenants of its retail properties in Quebec. 

Outside Place Montreal Trust wonder by Ivanhoé Cambridge. - Facebook: Place Montreal Trust


Amid the Covid-19 crisis, which has caused hundreds of brands and retailers to close stores across North America, Ivanhoé Cambridge said it will grant a deferral of the rent payable by Quebec-based tenants, until a later date. 

The deferral amount will be granted on a case-by-case basis, according to the respective situation of each retailer, while the deferral period will be determined according to the evolution of the situation.

"We are implementing exceptional measures in order to respond to an exceptional situation. Each of us must do our part to support the well-being of our community and Ivanhoé Cambridge is united in solidarity with the difficult circumstances faced by many businesses, said Nathalie Palladitcheff, president and CEO of Ivanhoé Cambridge, in a news statement. 

"Our decisions are made with caution in these circumstances. The mitigating measures proposed today aim to alleviate the liquidity problems of the tenants of our shopping centers in Quebec and to support the economy of the province.”

In Quebec, Ivanhoé Cambridge owns properties like the Montreal Eaton Centre, Place Montreal Trust and Place Ste-Foy, in Quebec city. 

Despite Canada’s Prime Minister Justin Trudeau announcing social distancing measures to protect Canadians over a week ago, most malls across the country remain open, some at reduced hours.

Still, in the midst of the pandemic, many retailers have taken preventative measures including temporarily closing stores until further notice. 

The rent deferral could potentially impact Canadian retailers like Reitmans, Roots, Dynamite, Simons and Harry Rosen to name a few who operate several locations in Ivanhoé Cambridge properties, across the province, that are now temporarily closed. 

Copyright © 2024 FashionNetwork.com All rights reserved.