Business
Why the Unibail Rodamco Westfield (ASX:URW) share price is up 63% in 5 days // Motley Fool Australia
The Unibail-Rodamco-Westfield (ASX: URW) share price is on a tear again today, up 17% in late afternoon trading. That brings Unibail’s share price gains to a whopping 63% since the closing bell rang last Monday 9 November. Despite the past week’s stellar performance, the Unibail share price is still down 58% year to date.
The brick and mortar retailer was already struggling with high debt levels and some questionable asset acquisitions heading into 2020. And then its share price was savaged by COVID-19 lockdowns and social distancing in Europe, the United States and Australia, which saw many of its shopping centres temporarily shuttered.
What does Unibail Rodamco Westfield do?
Unibail is one of Europe’s largest commercial…
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