Retail news – Page 8
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NewsMajestic builds up its property team with the arrival of two new roles
Specialist wine retailer Majestic has created two roles in its property team as it begins to accelerate its expansion plans.
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NewsFormer Selfridges owner Signa Holdings files for insolvency
Signa Holdings, which recently sold its 50% stake in Selfridges, has filed for insolvency citing massive liquidity problems and higher interest expenses.
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NewsBrightbay sells portfolio of 25 Kwik Fit properties for £21m
Brightbay Real Estate Partners is selling a 25-property portfolio used by car maintenance company Kwik Fit across the UK for £21m.
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NewsBoots sale back in play as owner offloads £4.8bn of pension obligations to Legal & General
Boots owner Walgreen Boots Alliance has struck a deal to transfer £4.8bn of pension obligations to Legal & General in a move a leading retail expert said reflected “a major boost” for its plans to sell the high-street chemist chain.
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NewsLazari submits plans for office-led scheme at iconic Fenwick Mayfair store
Property firm Lazari Investments has submitted plans to transform the Fenwick department store in Mayfair into an office and retail development.
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OnlineSavills expands global retail offer with Nash Bond acquisition
Savills UK has acquired Nash Bond, a retail agency and lease consultancy business based in central London, to expand its global retail offer to clients.
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NewsMountain Warehouse targets expansion on the back of record sales
Outdoor retailer Mountain Warehouse has said it aims to open a new store every week in the run-up to Christmas, plus a further 50 branches next year, after posting record half-year sales of £171m.
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NewsLondon retail rents approaching pre-pandemic levels
Retail rents in London’s most popular shopping destinations are approaching pre-pandemic levels as the sector displays resilience in the face of inflation, high interest rates and falling consumer expendable income, according to Cushman & Wakefield’s 2023 ’Main Streets Across the World’ report.
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NewsYoutuber fast-food offering Sides to set up shop in Manchester Arndale
Sides, the fast-food offering created by YouTube group The Sidemen, is to open its first Manchester outlet after taking a 1,222 sq ft unit at the Arndale Centre on a 10-year lease.
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OnlineNewRiver submits application for Essex resi scheme as occupancy hits record high
NewRiver REIT is seeking planning permission to demolish its shopping centre in Grays, Essex and develop a mixed-use scheme with 850-plus homes, which it plans to forward sell.
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NewsChancellor announces £4.3bn small business rates support package
The chancellor’s Autumn Statement has unveiled a business rates support package worth £4.3bn over the next five years to help high streets and small businesses.
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NewsUK Commercial Property REIT drops Picton merger
UK Commercial Property REIT (UKCM) has ended merger discussions with Picton because its largest shareholder, Phoenix Life, which controls around 43% of UKCM’s share capital, does not support the terms proposed.
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NewsGove’s decision to block M&S Oxford Street rebuild set for judicial review
The High Court has granted permission for M&S to apply for judicial review over Michael Gove’s decision to block the redevelopment of the high street giant’s Oxford Street store in London.
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NewsHalfords snubs £1.4bn Redde Northgate merger offer
High street bike and car repair giant Halfords has rebuffed a £1.4bn merger approach from van rental firm Redde Northgate.
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NewsConfectionery giant Mars agrees £534m takeover of Hotel Chocolat
Confectionery giant Mars has agreed a £534m deal to take over chocolate manufacturer and retailer Hotel Chocolat.
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NewsSelfridges taken over by Thai co-owner Central Group
The iconic London department store Selfridges has been taken over by co-owner Central Group as former 50% shareholder Signa Group struggles financially.
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NewsCroydon could be set to get the facelift it so desperately needs
The mayor of the largest London borough says it has ‘massive potential to become a world-class destination’.
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NewsCBRE appoints Savill’s Proudley as head of northern retail
CBRE has appointed Savills retail team director Stephen Proudley as an executive director and head of northern retail as it seeks to grow is presence in the region.
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NewsBrewDog boss slams council and developer over ‘delayed’ Durham bar opening
The boss of brewery and pub chain BrewDog has taken aim at Durham County Council and joint venture developer The Arlington Real Estate and Richardson over delays in opening a bar, which he claims have now stretched beyond 12 months.
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NewsLandsec looks to prime retail for new opportunities as it reports £193m loss
Landsec is “looking for opportunities to deploy further capital” with a particular focus on prime retail, chief executive Mark Allan said today after the firm posted a £193m loss for the half year ended 30 September.
