All Retail, leisure & hotels articles – Page 7
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Online
Boohoo acquires Debenhams’ brand for £55m
Online fashion retailer Boohoo has acquired the Debenhams brand for £55m and will re-launch it as an online-only brand.
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Online
ASOS emerges as frontrunner for Topshop bid
Online retailer ASOS is the front-runner to buy Topshop, the jewel in the crown of Philip Green’s Arcadia group.
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Online
Next pulls out of race to buy Topshop
Next has pulled out of the race to buy Topshop yesterday as it failed to match rival bids.
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Online
AGO Hotels buys former Travelodge hotel
AGO Hotels has acquired a former Travelodge hotel in Scotland.
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Online
Next seen as frontrunner to buy Arcadia Group
Next is currently seen as the leader in the race to buy ailing retailer Arcadia Group, as final bids for the group are due today.
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Online
Landsec completes over 48,000 sq ft of lettings across outlet malls
Landsec has completed over 48,000 sq ft of lettings across its outlet malls in the last ten months.
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Online
LondonMetric collects 98% of December rent
LondonMetric has collected 98% of December quarterly rent of the £22.8m due.
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Online
Hotel investment plunges in 2020 as Covid-19 bites
Investment in the UK hotels market plunged to ten-year lows last year, as the Covid-19 pandemic hit deals.
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Online
Dominvs Group secures almost £70m for two flagship UK hotels
Real estate development and investment group Dominvs has secured almost £70m of funding from Coutts and Clydesdale Bank for two new flagship hotels in the UK.
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Online
Best Western offers hotels to NHS for Covid-19 support
Best Western has offered its hotels to the NHS as Covid-19 hospital admissions continue to rise.
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Online
BrewDog offers up closed bars for vaccination rollout
Craft beer giant BrewDog has offered up its closed venues to help with the rollout of Covid-19 vaccinations.
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Online
Dalata Hotel Group EBITDA expected to be higher than predicted
Dalata Hotel Group expects its EBITDA to be marginally ahead of market expectations on 31 December despite the challenging environment.
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Online
Pressure growing on F&B retailers to pay back business rates relief
Pressure is growing on a number of F B retailers to pay back business rates relief after almost £2bn was given back to the treasury by a number of supermarkets.
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Online
Ashley’s Frasers Group in talks to save Debenhams
Mike Ashley’s Frasers Group is in negotiations with administrators regarding a potential rescue of Debenhams.
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News
Bloomsbury hotel portfolio on the market for £37m
A collection of eight freehold hotel properties in London’s Bloomsbury is on sale for £37m total.
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News
Olympia London confirms first three tenants
Yoo Capital and Deutsche Finance International have confirmed live entertainment company AEG Presents, hotel brands Hyatt and citizenM as the first tenants at the regenerated Olympia London in west London.
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Online
URW places £1.79bn bond after shareholders reject share issue
Unibail-Rodamco-Westfield (URW) has placed a €2bn (£1.79bn) bond, days after its chief executive announced his intention to step down.
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Online
Nine Travelodge hotels move to competitor AGO
Nine Travelodge hotels have moved to new platform AGO Hotels following the break clause deadline on 18 November.
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Markets
Weathering the Covid storm
Amid lockdown 2.0, the south west region’s leisure industry is once again holding its breath.
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Online
Clarks CVA passes amid criticism
Clarks CVA has passed successfully despite fierce operation from landlords.