By Mark Faithfull 2019-06-27T23:00:00
Regent Street weathers retail crisis
The story of Regent Street is neatly encapsulated by three stores along the sweeping shopping avenue, which celebrates the 200th anniversary of its naming this year.
Exhibit one is H&M Home, which opened a 7,000 sq ft flagship store earlier this year, complete with in-store florist, café and event area. Meanwhile, Reliance Brands – owned by Asia’s richest man, Mukesh Ambani – has agreed to purchase the 259-year-old toy store chain Hamleys, securing its future, and Microsoft will open its first UK store at the top of Regent Street, at Oxford Circus, on 11 July.
These high-profile deals on Regent Street come at a time when Oxford Street has been dogged by problems facing long-term tenants including Arcadia – Miss Selfridge is to close – as well as Monsoon, Accessorize and Debenhams.
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