RETAIL tycoon Mike Ashley, the founder of Sports Direct, has demanded that new rent deals are tied to sales across his high street empire. Ashley has asked landlords to agree to turnover rents, where up to 15 per cent of the rent due is linked to in-store sales, the Sunday Times reported. The scheme allows retailers to share their risk — and reward — with landlords.

(c) 2019 City A.M., source Newspaper