Latest property news – Page 35
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NewsLidl to plough £500m into London expansion
Lidl is set to open on Tottenham Court Road as part of plans to supercharge its bricks-and-mortar presence in London.
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NewsArcadia CVA on knife edge as Intu rejects revised deal
Arcadia’s biggest landlord operator Intu has rejected the retailer’s revised CVA proposal, but the Topshop owner remains hopeful of salvaging its controversial deal ahead of the second vote on Wednesday.
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NewsSelect CVA gets green light from creditors
Select has secured approval for its second CVA in just over 12 months as 87% of creditors backed its latest proposal.
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NewsSports Direct mounts legal challenge to Debenhams CVA
Debenhams has confirmed that it has received a legal challenge to its CVA from Sports Direct, which boss Terry Duddy has slammed as “an unnecessary distraction”.
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NewsUK retailers suffer worst May in six years as footfall plummets
UK retailers suffered the steepest level of monthly footfall decline in six years during May, according to the latest figures from the British Retail Consortium.
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NewsArcadia CVA: Rent cuts reduced as Green plugs gap
Sir Philip Green’s retail empire Arcadia has pledged to reduce the rent cuts proposed in its CVA in a bid to get landlords onside, Retail Week can reveal.
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NewsMonsoon not looking to close stores in CVA
Monsoon is not looking to close any stores as part of its delayed CVA proposal, but it is looking to resize a number of units in its estate as well as slash or even eliminate rents on a number of others.
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NewsArcadia CVA decision postponed after stalemate
Arcadia has delayed the result of its crunch CVA vote for a week in a last-ditch bid to convince more creditors to back the deal.
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NewsFarfetch to relocate flagship Browns store
Fashion retailer Browns is marking its 50th anniversary by relocating its flagship store next year in order to combine retail, experiential elements and technology features.
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NewsAmazon launches 'Clicks and Mortar' pop-up shops
Amazon is opening 10 pop-up stores across the UK to champion the products of more than 100 of its small business partners.
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NewsTopshop to sell on Asos in turnaround push
Arcadia tycoon Sir Philip Green will plough £135m of investment into the business and will sell product from his flagship Topshop brand on Asos for the first time as part of a turnaround programme.
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NewsBig four shopping centre landlords face 'long-term risk' from CVAs
One fifth of shopping centre floorspace being let by the four biggest real estate investment trusts is to retailers in administration or with shrinking sales, according to new analysis by UBS.
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NewsGovernment to challenge £300m cash machine ruling
The government has won the right to appeal a court ruling over whether retailers should pay business rates for cash machines outside their shops.
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NewsMicrosoft to launch Oxford Circus flagship in July
Microsoft has revealed the opening date for its first UK store as it throws down the gauntlet to rival Apple.
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NewsArcadia refuses to pay more into pensions as CVA hangs in balance
Arcadia is refusing to pump more cash into its pension deficit as part of its CVA proposal, despite increasing fears pension regulators could vote against the group’s restructuring plan.
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NewsSelect administrators launch CVA
Select has filed proposals for a CVA in order to slash rents, after it fell into administration earlier this month.
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NewsRevealed: Arcadia's three-year plan to restore its glory
Arcadia has set out a recovery plan focused on digital growth and developing new avenues to market, Retail Week can reveal.
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NewsArcadia CVA: The stores proposed for closure
Fashion giant Arcadia aims to shut 23 stores and as part of a proposed CVA.
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NewsB&M profits rise driven by rapid store expansion
B&M has posted a jump in full-year profits despite ongoing struggles in the German market, driven by its rapid store expansion programme.
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NewsArcadia to shutter 23 stores in CVA plan
Arcadia has unveiled plans to shutter 23 stores as part of a company voluntary arrangement that will put 520 jobs at risk.