Latest property news – Page 172
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NewsJD formally acquires Blacks
JD has formally acquired Blacks Leisure for £20m from administrator KPMG.
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GNC to expand outside the US
Nutritional specialist GNC is to expand outside the US, with plans for more than 200 new international stores, chief executive Joe Fortunato told the Pittsburgh Tribune-Review. The openings include new market entries in Russia, Brazil and the EU.GNC, which already operates about 2,500 international stores, also plans 160 new stores ...
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Ikea to open South Korean store in 2014
Ikea has acquired a 841,715 sq ft plot in Gwangmyeong, Gyeonggi Province, Chosun Ilbo reports. The home furnishings retailer plans to open a store on the site in 2014.Ikea Korea said that, to cater for local consumer habits, delivery and assembly services would be provided through a subcontractor.
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Convenience store operator Lawson plans store increase
Japan-based convenience store operator Lawson plans to acquire Chinese retail chains to increase its stores in China to about 5,000 by 2015, president Takeshi Niinami said in an interview with Kyodo News. Lawson has so far opened about 340 convenience stores in Shanghai, Chongqing and Dalian.Niinami also said that although ...
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NewsResponse to Portas will not be brought forward
The Government will not bring forward its response to Mary Portas’s high street review despite calls from an MP to speed up the process after a run of retail administrations in the past month.
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Carrefour sells 97 supermarket properties
Carrefour has sold 97 supermarket properties to La Française AM, an investment fund majority-owned by Crédit Mutuel Nord for e365m (£305.5m).The properties were previously held by Carrefour’s real-estate branch, Carrefour Property. Carrefour will continue to operate the stores through 12-year leases under its Carrefour Market banner.
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Primark to open its first store in Austria
Value fashion retailer Primark is to open its first store in Austria at the Sillpark Shopping Centre in the city of Innsbruck. The store is due to open in the later part of summer this year and is expected to have a sales area of about 43,055 sq ft.The Austrian ...
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NewsThe ‘right mix’ puts a spring in Schuh’s step
Footwear retailer Schuh has revealed an 8.2% increase in pre-tax profit to £14.8m in the year to March 27, 2011 after benefiting from having the “right product mix”.
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NewsBest Buy big-boxes to close on January 15
Best Buy’s 11 UK big-box stores and website will shut on January 15, marking the end of its attempt to transform the electricals market.
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NewsFestive season brings retail administrations
Many retailers are teetering on the brink of collapse including gifts specialist Past Times and toy chain Hawkins Bazaar as footwear chain Barratts’ concession business folded following an unsuccessful attempt to find a buyer.
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NewsAlbemarle & Bond to open 25 shops next year
Pawnbroker Albemarle & Bond will open 25 new shops next year as it takes advantage of a decline in lending from banks in the challenging economic climate.
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NewsGrocery space growth rockets
Supermarkets have added space at an exponential rate since the start of the credit crunch in 2007 and expansion continues unabated.
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NewsThe Kooples opens its first UK outlet store
Contemporary French retailer The Kooples is to launch its first outlet store in the UK.
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NewsHousing minister Grant Shapps given responsibility for reviving town centres
Housing minister Grant Shapps, has been allocated responsibility for implementing retail consultant Mary Portas’ recommendations for reviving the UK’s high streets.
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NewsVictoria's Secret owner front-runner to buy La Senza
Victoria’s Secrets owner Limited Brands is believed to be close to buying the La Senza brand.
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NewsBlacks faces post-Christmas administration as Hilco circles
Blacks Leisure could face a post Christmas administration and break-up following Sports Direct’s decision not to buy the business.
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NewsInterested parties circle Barratts
A number of retailers have expressed interest in shoe business Barratts and Priceless’ stores after it collapsed into administration last week.
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NewsHammerson welcomes Portas Review
Landlord Hammerson, owner of malls including the Bull Ring, has welcomed The Portas Review into high streets.
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NewsGovernment minister to be allocated high street remit
The Government is set to allocate a minister for town centres on the back of Mary Portas’ review into the future of the high street.
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NewsPortas sets out new high street vision
Mary Portas has called for a “shift to a new, multi-functional, social high street”.