CAPA to seek occupancy cost savings for UK footwear retailer Schuh

Genesco, the owner of UK footwear retailer Schuh, has instructed Capa to seek occupancy cost savings across its 130 store estate. 

Capa will immediately engage with landlords to explore rent reductions as part of an overall process to reverse the current loss making. This being a prerequisite to the required refinancing of the business given the expiry of the current loan term.