In September 2003, PRG Powerhouse Limited bought the Powerhouse business and its leases. As a condition of the sale, the landlords of various stores accepted a guarantee from Powerhouse’s parent company in respect of Powerhouse’s obligations under the leases.
United Kingdom, Insolvency & Restructuring, Litigation, Real Estate, DMH Stallard LLP, Retail, Surety, Landlord, Consideration, Debt, Liability (financial accounting), Prejudice, Parent company