Revo launches CEO Summit to increase pressure on Government and improve partnership working

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Revo, the organisation which represents all stakeholders across the £360 billion retail property sector, has announced its inaugural Owner and Occupier CEO Summit.

The Summit, which will take place before the end of the year, will be attended by Chief Executives from a mix of occupiers and property owners with a view to establishing industry consensus on the industry and policy issues affecting physical space in urban environments.

The group has been assembled to discuss:

  • A more equitable system of taxation to fund local services
  • More flexibility and efficiency in leasing
  • Better sharing of information between owners and occupiersThe impact of Company Voluntary Arrangements (CVAs) on both parties

Peter Cowgill, executive chairman at JD Sports, said: “Our business is very much omni-channel, but nonetheless, the Government must do more to support physical retail. It cannot be allowed to wither and die, the impact on our town centres and communities would be felt for generations to come. I fully support this initiative to bring senior stakeholders together to make this case to Government for greater investment in our urban infrastructure.”

Mark Williams, Revo president and director, The Hark Group said: “It’s critical for the health of the UK’s urban environment and communities that there is more collaboration in our sector. This is a key role of Revo and I’m delighted this initiative came out of our recent conference, where senior leaders across our industry convened and agreed enough was enough, and collective action is critical, and urgent.”

Ed Cooke, chief executive at Revo, said: “Our industry is undoubtedly undergoing seismic change, and without meaningful action from Government, and better industry working practices, retailers, owners and other businesses investing in our urban infrastructure are not able to make the social and economic contribution they might otherwise.

“Through its leadership role, Revo will bring together the most senior representatives and change makers from our sector to escalate these issues within our industry, and with Government.”

Revo is inviting CEOs from retailers, leisure and F&B operators and owners including, Sports Direct, Debenhams, Specsavers , M&S, Sainsbury’s, Tesco, Next, Hammerson, Landsec, Intu, The Crown Estate, Capital & Regional, British Land and Ellandi.