Latest property news – Page 34
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NewsArcadia and Topshop CVAs challenged by property group
The CVAs of Arcadia Group and Topshop Topman face opposition from a US property owner.
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NewsUK retailers suffer ‘summer slump’ as footfall falls in June
UK retailers suffered a tough start to summer, as footfall dropped across high streets and shopping centres, though retail parks saw a marginal uptick.
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NewsData: Physical stores ‘halo effect’ boosts online sales
New research shows that retailers without a bricks-and-mortar presence experience much lower sales in areas where competitor retailers maintain physical stores.
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NewsArcadia eyes footwear brand to fill prime Oxford Street site
Arcadia has lined up an American footwear brand to fill its prime Oxford Street site that was formerly occupied by its Miss Selfridge brand.
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NewsGreen’s overseas assets targeted by pensions watchdog
Sir Philip Green’s overseas assets could be plundered by The Pensions Regulator as it bids to secure payments promised to the Arcadia pension scheme.
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NewsTesco to launch 750 c-stores in Thailand expansion push
Tesco is preparing to fire the starting gun on an ambitious expansion plan in Thailand that will see it open 750 convenience stores over the next three years.
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NewsMonsoon Accessorize CVA passed by creditors
Monsoon Accessorize’s CVA has been passed by its creditors, paving the way for hefty rent reductions at around half of its stores.
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NewsDay turns screw on Bonmarché by imposing offer deadline
Philip Day, owner of the Edinburgh Woollen Mill Group, has put a deadline on his his offer to buy Bonmarché over concerns about its ability to operate as a going concern.
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NewsBoohoo to open London event space and showrooms
Boohoo has taken event space and showrooms in London’s West End, marking the formerly pureplay retailer’s first foray into bricks and mortar.
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NewsItalian womenswear brand Stefanel in administration
Italian fashion brand Stefanel UK arm has crashed into administration and is set to close both its London stores.
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NewsThe Hut Group makes first foray into bricks and mortar in Manchester
The Hut Group has completed the purchase of a building that formerly housed a Jamie’s Italian restaurant in Manchester, marking its first move into bricks-and-mortar retail.
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NewsSports Direct opts for town centre with freehold acquisition
Sports Direct has acquired the freehold of a former TJ Hughes building in a town centre, relocating from a nearby out-of-town retail park in the process.
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NewsSainsbury’s trials UK’s first meat-free butcher
Supermarket chain Sainsbury’s has opened a meat-free butcher in east London to cater for the growing vegetarian and vegan population.
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NewsMonsoon Accessorize CVA proposal calls for rent cuts
Monsoon Accessorize has published its CVA proposal calling for rent reductions at 135 stores in exchange for £30m in funding and a £10m annual profit-sharing scheme.
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NewsAldi to extend Local stores trial after positive feedback
Aldi is extending the trial of its Local store fascia, following the success of its first such shop that opened in Balham earlier this year.
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NewsMonsoon offers landlords share of profits ahead of CVA
Monsoon Accessorize has rejected landlords’ demands for an equity stake in favour of a share of future profits, ahead of its mooted CVA proposal.
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NewsMonsoon CVA under pressure as landlords cast doubts
Monsoon’s proposed company voluntary arrangement is already facing opposition from large landlords ahead of its reported launch tomorrow, Retail Week understands.
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NewsUntuckit hires retail property firm as it eyes UK launch
US casualwear brand Untuckit has hired a UK property agency to help it identify possible store locations in London ahead of it launching in the UK.
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NewsSmiggle warns owners could pull plug on UK backing
Smiggle has warned that its Australian parent company Just Group could pull the plug on funding for its UK business if economic conditions deteriorate.
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NewsArcadia CVA passes, safeguarding 17,000 jobs
Arcadia’s CVA has been approved after today’s second creditor meeting when all seven votes passed muster with landlords, suppliers and the pension authorities.