SumoSalads founder says the game has significantly changed since the healthy food franchise network signed a range of current shopping centre leases, prompting the company to put two leasing entities in voluntary administration as negotiations with landlords over rental terms heat up.
On Tuesday, administrators at were appointed to two companies relating to the lease agreements of SumoSalad stores at Westfield shopping centres.
Chief executive Luke Baylis says 12 to 14 franchises are affected by the decision, but the outlets will continue to trade as normal while administrators renegotiate rental terms with the landlord.
We want to work amicably with landlords, he tells SmartCompany.
However, if no resolution is f…
Read the full article at: http://www.smartcompany.com.au/industries/retail/sumosalad-places-leasing-entities-in-voluntary-administration-over-shopping-centre-rent-dispute/
