Latest property news – Page 46
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NewsHouse of Fraser insists CVA plan ‘on track’
House of Fraser has insisted it is “on track” with plans to launch a CVA and secure new investment despite an alleged battle with its lenders.
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NewsMothercare CVA given green light by creditors
Mothercare’s creditors have approved the troubled retailer’s plans to shutter 50 stores and slash rents through a company voluntary arrangement (CVA).
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NewsHoF lenders seek cash injection as CVA approaches
House of Fraser’s key lenders are demanding proof that its Chinese shareholders will provide the £70m capital pledged last month.
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NewsJohn Lewis to anchor Croydon shopping redevelopment
John Lewis will open a 165,000 sq ft department store to anchor the £1.4bn redevelopment of Croydon town centre.
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NewsLandlords prepare to take tougher stance on retail CVAs
Property owners are poised to take a more hard-nosed approach to retail CVAs.
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NewsIn pictures: Debenhams and Estee Lauder’s new beauty hub
Estee Lauder has unveiled a multi-brand, tech-driven store-in-store in Debenhams’ Stevenage branch, with a further roll-out slated this year.
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NewsMountain Warehouse eyes New Look stores as profits soar
Mountain Warehouse has posted its 21st consecutive year of sales growth boosted by overseas expansion as boss Mark Neale plots a Neon Sheep bricks-and-mortar roll-out.
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NewsMall owner Intu tests e-games and AI in tech tie-ups
Shopping centre group Intu has linked with seven start-ups to try new ways of complementing bricks and mortar with digital technology.
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NewsTopshop swings to full-year loss as sales suffer
Arcadia-owned Topshop has swung to a full-year loss following a sharp drop in sales and impairment charges on its property.
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NewsM&S calls for new retail property model
Marks & Spencer chief executive Steve Rowe has added his voice to the chorus of concern over retail’s property cost crisis.
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NewsM&S profits plunge as store closures hit bottom line
Marks & Spencer has recorded a slump in its full-year profits despite sales edging up due to costs associated with its store closure programme.
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NewsHolland & Barrett poaches Wilko director Houghton
Holland & Barrett has snapped up Wilko retail director Anthony Houghton to bolster its bricks-and-mortar expansion plans, Retail Week can reveal.
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NewsMarks & Spencer reveals details of more store closures
Marks & Spencer has revealed plans to close another 14 clothing and home stores and cut back Simply Food openings.
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NewsNext slammed by property body for ‘nonsense’ CVA clause
The British Property Federation (BPF) has taken a swipe at Next after the retailer requested the implementation of a so-called ‘CVA clause’.
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NewsMarks & Spencer prepares for more store closures
Marks & Spencer is to accelerate its store closure programme, it is understood.
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NewsNext demands ‘CVA clauses’ from landlords
Next is asking landlords for lower rent on stores when neighbouring shops get a better deal through a CVA.
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NewsCarpetright launches share issue to fund CVA
Carpetright has issued shares in a bid to raise £60m to support its company voluntary arrangement (CVA) and restructure.
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NewsPoundworld founder Chris Edwards eyes rescue bid
Poundworld’s founder and former boss Chris Edwards is mulling a move to rescue the embattled business.
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NewsRetail property market polarising, Landsec says
The divergence in performance between different types of retail locations is becoming ever more divergent, according to property giant Landsec.
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NewsAmazon Go to open more cashierless stores
Amazon is to open more of its cashierless ‘just walk out’ stores in the US.