Britain’s biggest mall owner Intu Properties’ Chief Executive Officer Matthew Roberts has reportedly stepped down from the role a week after the company went into administration, said a Reuters report citing sources.
Roberts, who took the helm in 2019 after serving as Intu’s Finance Chief for about nine years, informed staff that he was leaving the company, the report said.
Intu, which owns 17 major shopping centres in Britain, including Manchester’s Trafford Centre, last week called in KPMG as administrators after it failed to secure a deal with its creditors.
Sky News first reported here Roberts’ departure.
Intu’s shopping centers, home to hundreds of well-known retailers, will remain open during Intu’s insolvency proceedings as they are individually owned by special purpose vehicles and under the control of their directors, KPMG said last week.
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