Latest property news – Page 137
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News
Carrefour's franchisee Label'Vie to invest in Morocco
French retailer Carrefour’s franchisee Label’Vie plans to invest MAD800m (£62.1m) in Morocco.The investment programme will focus predominantly on smaller cities. Two Carrefour hypermarkets are to open in Fez and Oujda, close to the border with Algeria.Following the rebranding of its cash and carry Carrefour Maxi banner to Atacadão, five new ...
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NewsDreams acquired by Sun European in £35m pre-pack administration deal
UPDATED: ScS-owner Sun European last night acquired beds giant Dreams in a pre-pack administration deal for £35m, Retail Week has learned.
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NewsVans and Evans Cycles sign up to Buchanan Street development
Vans and Evans Cycles are the two latest retailers to sign up to Scotland’s new Buchanan Street development in Glasgow city centre.
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NewsFrozen food retailers eye former Blockbuster stores
Frozen food retailers are vying to take on former Blockbuster stores as restructuring firm Gordon Brothers plots a 300-store rescue to keep the retailer on the high street.
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NewsCovent Garden signs LVMH brand Sandro and Adidas collaboration Y-3
Two clothing brands have signed to London’s Covent Garden as the shopping district continues to transform its retail offer.
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NewsHomewares retailer Textiles Direct heads for administration
Homewares retailer Textiles Direct is understood to have filed a notice of intention to appoint an administrator, putting 400 jobs at risk.
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NewsGrocer Waitrose trials garden centre alongside Newbury store
Waitrose is trialling a new garden centre unit adjacent to its existing supermarket in Newbury, Berkshire.
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NewsIceland Foods poised to acquire former Blockbuster stores
Iceland Foods is poised to acquire a handful of former Blockbuster stores from administrator Deloitte after the DVD rental business fell into administration in January.
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NewsAsian and US tourists to drive 25% surge in West End spending by 2020
Spend in London’s West End is expected to surge 25% to £12.5bn by 2020, driven by Asian and US tourists shopping in the area.
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NewsHMV thrown lifeline as Hilco prepares £50m bid to acquire it
HMV has been thrown a lifeline after restructuring firm Hilco entered into talks to buy the business out of administration in a £50m deal.
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News
Cencosud to invest in South America with new store openings
Retail group Cencosud has revealed it will invest $731m (£483.8m) in South America this year, opening a total of 58 new stores with the aim of reaching sales of $22.5bn (£14.9bn) by the end of 2013.The retailer plans to increase its sales area by about 5%. The outlay represents a ...
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NewsStore closures surge tenfold in 2012 driven by retail administrations
An unprecedented level of large-scale retail collapses pushed the number of store closures among multiple retailers up tenfold in 2012.
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News
H&M considers India store openings
H&M is considering opening stores in India to tap into growing opportunities after recent government liberalisation measures.H&M said it was preparing to apply to launch wholly owned subsidiaries in the country. It aims to cater for a growing urban middle-class keen for Western-lifestyle products. In a statement released by the ...
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NewsJohn Lewis to invest £57m in store refurbs over next two years
Department store John Lewis is to invest £32m in an “extensive” refurbishment programme across four shops in the next two years, including its flagship on London’s Oxford Street.
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News
Metro Cash & Carry launches new price-focused format
Metro Group-owned Metro Cash & Carry in Italy has launched a new price-focused format in Chieti province, Abruzzi.The store in Sambuceto, originally opened in 1998, has been refurbished to the new model trading under the Metro Piazza Affari banner. The pilot store features prices on average 14% lower than in ...
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News
Oxylane's Decathlon chain to roll out new Decathlon XS fascia
French leisure retailer Oxylane’s Decathlon chain in Poland is to roll out a new banner called Decathlon XS in the first quarter of this year.The fascia is to open at retail park Galerii AKS Carrefour in Chorzów, southern Poland.
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NewsMatalan's Hargreaves family eyes Republic as first stores close
The family behind retail giant Matalan is understood to be vying to buy collapsed retailer Republic as administrator Ernst & Young closes the first tranche of its stores.
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NewsDixons shuts Pixmania stores in turnaround bid
Dixons has closed all of its Pixmania stores and reduced its online operations as it bids to turn around the unprofitable French business.
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NewsMorrisons acquires former HMV stores in convenience drive
Morrisons has acquired six former HMV stores from the collapsed retailer’s administrator Deloitte as the grocer builds its convenience arm.
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NewsArgos to exit China after just four months of trading
Argos is to shut down its China business just four months after opening its first stores in the country.