Retail news – Page 13
-
OnlineVelement founder and former Hammerson MD reflects on retail, regeneration and Liverpool’s turnaround
In the latest episode of PropCast, Mark Bourgeois, founder of Velement Real Estate Advisory, former interim director of city develoment at Liverpool City Council and former managing director of Hammerson in the UK and Ireland, speaks to Montfort’s Andrew Teacher about retail, regeneration and how the city of Liverpool is ...
-
NewsB&M agrees £13m takeover deal for 51 Wilko stores
Discount retailer B&M has agreed a £13m deal with administrators to acquire 51 Wilko stores.
-
NewsLidl opens its largest-ever distribution centre in Luton
Budget supermarket giant Lidl has opened its largest-ever warehouse in Houghton Regis, Luton.
-
NewsThe Works reports 40% profit drop after business rates hit
The Works, the arts, gifts, books and stationery retailer, has partly blamed an extra £5.8m in business rates payments for a 40% drop in adjusted pre-tax profits to £10.1m for the year to 30 April.
-
NewsHammerson issues £100m bond tap of existing £200m bonds maturing 2028
Hammerson has priced a £100m increase of its existing £200m 7.25% coupon bonds maturing in 2028, resulting in an outstanding notional of £300m.
-
NewsNotting Hill vegetarian restaurant on the table at Barnard Marcus sale
Barnard Marcus’ next auction on 11 September features a property in the heart of London’s Notting Hill, let for 25 years to a vegetarian restaurant and retail operator.
-
NewsM&S opens legal challenge against Gove’s Marble Arch decision
M&S today launched a High Court legal challenge against the government’s decision to reject its planning application to demolish and replace its flagship London Marble Arch store.
-
NewsPersimmon drops from FTSE 100 as M&S joins
Housing giant Persimmon has dropped from the FTSE 100 Index following the September 2023 quarterly review, alongside Abrdn, Hiscox, and Johnson Matthey, and will leave the index on 18 September.
-
NewsGerman investor snaps up Manchester’s 196 Deansgate in £25m office deal
Commercial Estate Group (CEG) has sold the 196 Deansgate office building in Manchester to AM alpha for a figure believed to be close to £25m.
-
NewsWilko makes 269 roles redundant but nears Putman rescue deal
Wilko is making 269 support centre team member roles redundant, effective from 4 September, while its administrators are consulting creditors on the terms of a rescue deal with HMV’s Doug Putman, Property Week understands.
-
News‘Material uncertainty’ over future of Pizza Hut’s UK restaurants
Pizza Hut UK’s auditors have fired a warning shot about the future of the 150-store UK restaurant business due to fears over mounting debt.
-
OnlineShaftesbury Capital to sell £100m-plus Fitzrovia portfolio
Shaftesbury Capital has instructed CBRE to sell the group’s Fitzrovia assets in London for in excess of £100m, according to reports.
-
NewsM2 bids for Wilko amid ‘appetite to invest in turning the ailing brand around’
Private equity firm M2 Capital has made a last-minute £90m bid for Wilko, with a pledge to retain all employees’ jobs for two years, according to a report by The Guardian.
-
NewsCapital & Regional raises £25m for The Gyle Shopping Centre acquisition
Capital & Regional, the UK-focused REIT with a portfolio of in-town community shopping centres, has raised £25m through an open offer of shares to part fund the acquisition of The Gyle Shopping Centre.
-
NewsHMV owner steps in with last-minute bid for parts of financially stricken Wilko
HMV owner Doug Putman has reportedly stepped in at the last minute with a bid to purchase parts of financially stricken budget retailer Wilko.
-
NewsIkea Oxford Street opening pushed back over ‘complex’ renovations
The much-anticipated opening of Ikea’s Oxford Street store has been pushed back until next year due to the complexity of the renovations required for the building.
-
NewsSt Helens council wins CPO battle with pub unlocking town centre regeneration plans
A government planning inspector has ruled in favour of St Helens Borough Council’s compulsory purchase order (CPO) for a pub to make way for a major town centre redevelopment.
-
OnlineAshbyCapital refinances £50m retail park
AshbyCapital has refinanced two of its retail parks with a three-year, £50m loan facility provided by Deutsche Hypo.
-
News‘Majority’ of Wilko stores to close as administrators fail to find buyer
The majority of Wilko stores will close after administrators failed to find a buyer willing to take over the budget retail high-street giant.
-
NewsWilko reportedly sold flagship warehouse for £40m below true value
Financially troubled budget retailer Wilko sold its flagship depot for £48m only for it to reportedly be flipped by its new owner for £88m just two months later, it has emerged.
