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Lew adds fuel to the fire

Billionaire retailer Solly Lew has lit the fuse to turn the smouldering debate over sustainable retail rents into a wildfire that will scorch landlords and hasten changes to the shopping mall model. Lew has long argued that retail rents are too high, but landlords arguably characterised his commentary on the release of financial results each half as “boy cried wolf” warnings. After all, Lew is a billionaire with a large retail portfolio with growth in his newer brands, Smiggle and Peter Alex