Trafford Centre owner Intu issues statement on shop closures after entering administration

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Bella Italia, Cafe Rouge and Las Iguanas after calling in administrators. The company said it would close 91 of its 250 restaurants, but that it has saved others for now.

had been appointed as joint administrators.It comes less than a month after Wigan were taken over by Next Leader Fund, headed by Hong Kong businessman Au Yeung Wai Kay - the second change of ownership in two years.Local businessman and former professional footballer Dave Whelan, who bought Wigan Athletic in 1995 for £1 million, had originally sold the club to Hong Kong based International Entertainment Corporation (IEC) in 2018, in a £22 million deal.In Whelan's 23 years at the club, he funded

as the Trafford Centre's owners Intu collapsed into administration.The publicity-shy tycoon has not yet made any comment but it's clear that any decision he does make will be as much a personal one as one that is led by business logic.The Trafford Centre has been Whittaker's pet project from the start and still carries his stamp - from his choice of Romanesque architecture and statues, to the parking of his beloved mother's Mercedes car outside F.Hinds jewellers on the first floor.As one

hereAnother shopper, who wishes to remain anonymous, said: “I’m hoping somebody will buy it out. It will be a big loss, even though when you live locally it causes traffic.

owners of the Trafford Centre announced they had entered administration this afternoon.The Trafford Centre is currently home to over 200 shops, restaurants and attractions - all of which require dedicated teams of staff to keep them going.

administration.

hereThe planning process in order to build the vast mall was the most lengthy and drawn-out in British history as the original idea was first dreamed up back in 1986 by wealthy John Whittaker, of Peel Holdings.Manchester City Council vehemently opposed its development and felt it would impact negatively on the city centre economy.The Trafford Centre offered thousands of free car parking spaces as it lured people to embrace the Utopian concept of out-of-town shopping.The planning issue was

£4.5billion with its creditors.The company, which owns 17 shopping centres across the UK, had asked lenders for an 18-month standstill on its debts in a bid to fix its balance sheet and generate income with the reopening of shopping centres south of the border.But in a statement to the Paisley Daily Express this morning, Intu Properties confirmed a deal has not been reached.The statement said: “The board is considering the position of Intu with a view to protecting the interests of its

Ah, the intu Trafford Centre...