Latest property news – Page 44
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NewsPoundworld brand could be resurrected by rescue bid
The Poundworld brand and a handful of its shops could be saved following an eleventh hour rescue bid by Irish retail family the Hendersons.
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NewsSports Direct acquires House of Fraser for £90m
Sports Direct has bought House of Fraser out of administration for £90m following a battle to control the beleaguered department store chain.
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NewsOver 1,000 Homebase jobs at risk
Homebase will reportedly close a quarter of its stores in a company voluntary agreement that could lead to more than 1,000 job cuts.
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NewsHouse of Fraser strikes deal with landlords over CVA
A legal battle between House of Fraser and landlords opposed to its controversial CVA has been settled out of court.
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NewsHouse of Fraser on the brink as rescue deal collapses
House of Fraser’s future has been plunged into doubt after potential new owner C.Banner pulled out of a takeover deal.
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NewsHouse of Fraser in ‘default’ on loans, Moody’s says
House of Fraser has been judged to be in technical default on its loans as the embattled business fights to stave off financial ruin.
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NewsWyevale sells eight stores to Blue Diamond
Wyevale Garden Centres has sold eight branches to peer Blue Diamond.
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NewsHoF £70m cash injection delayed by legal action
House of Fraser’s slated £70m investment from C.banner has been delayed due to the legal challenge brought against the retailer by landlords following its CVA.
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NewsIntu hit by falling retail property values
Shopping centre group Intu reported that weak sentiment towards the retail property market has led to a decline in value of its properties of £650.4m – a 6% fall.
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NewsEvans Cycles narrows losses as sales edge up
Evans Cycles has reported reduced losses at the full-year mark as the retailer pumped up sales through rising demand for e-bikes.
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NewsHammerson unveils new premium strategy as sales slip
Shopping centre owner Hammerson will pursue a new premium-centric strategy in a bid to weather the retail downturn.
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NewsIkea to open on Tottenham Court Road in city centre push
Ikea will open a new store on London’s Tottenham Court Road as part of a global city centre strategy.
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NewsTesco prepares to launch discount chain within weeks
Tesco could launch a new discount chain as early as September as Britain’s biggest grocer prepares to go toe-to-toe with Aldi and Lidl.
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NewsHouse of Fraser landlords launch legal challenge to CVA
Landlords have lodged a legal challenge in a bid to overturn House of Fraser’s company voluntary arrangement (CVA).
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NewsAgenda: Joules, McColl's, Hammerson, grocery data
Retail Week looks ahead to the next seven days, with updates from Joules, McColl’s, property giant Hammerson and Kantar-Nielsen all coming up.
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NewsPoundworld axes warehouses and all shops, 2,600 jobs lost
Poundworld is set to axe over 2,600 jobs across its distribution centres, as well as shuttering its remaining 190 stores.
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NewsHotel Chocolat tastes sales success in ‘strong’ year
Hotel Chocolat has posted an increase in full-year sales, boosted by the opening of 15 new stores and its growing online customer base.
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NewsPoundworld closes further 40 stores
Poundworld has unveiled its third round of store closures in a week as the beleaguered value retailer continues to seek a buyer.
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NewsSainsbury’s and WHSmith launch food-to-go trial
Sainsbury’s will supply a “limited range” of its food-to-go offer in a handful of WHSmith’s stores on a trial basis.
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NewsMarks & Spencer to axe 350 store management roles
Marks & Spencer is planning a fresh wave of more than 350 job cuts in a drive to simplify its store management teams.