Latest property news – Page 48
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NewsHammerson hits pause on Intu amid Klépierre interest
Hammerson has halted its proposed £3.4bn acquisition of rival Intu amid interest from French property giant Klépierre.
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NewsFortnum & Mason moves into Royal Exchange
Fortnum & Mason has taken retail and dining space at the Royal Exchange in a bid to extend the reach of its flagship Piccadilly store.
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NewsHeavy rain drives shoppers off high streets over Easter
Retailers endured soggy trading conditions over the Easter bank holiday as bad weather hit shopper traffic.
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NewsUpdated: Floating shopping mall to open in English Channel
The world’s first floating shopping centre, poised to open in the English Channel as developers bid to exploit potential loopholes in Brexit rules, was an April Fools’ Day joke.
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NewsThe Original Factory Shop to transform store estate
The Original Factory Shop has kicked off a store overhaul programme across nearly a fifth of its shops, Retail Week can reveal.
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NewsSelect seeks CVA to avoid collapse – 2,000 jobs at risk
Fashion chain Select’s owner is seeking a company voluntary arrangement (CVA) to reduce its store estate in a bid to avoid “closing in its entirety”.
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NewsM&S’ Berendji adds property to role in top team changes
Marks & Spencer has promoted Sacha Berendji to the newly created role of retail, operations and property director.
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NewsMaplin fails to secure buyer, axes head office roles
Maplin has made a further 66 redundancies at its head office as administrators confirmed that a buyer for the business has not been found.
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NewsSuperdrug launches vegan beauty pop-up shop
Superdrug has opened a pop-up shop in London’s Shoreditch Boxpark to capitalise on the rapidly growing vegan beauty trend.
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NewsNew Look CVA approved, 60 stores to close
New Look’s landlords have approved its Company Voluntary Arrangement, paving the way for the retailer to shutter 60 stores.
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NewsHammerson rejects £5bn takeover approach from Klépierre
Shopping centre landlord Hammerson has rejected a £5bn approach from one of Europe’s largest mall owners, Klépierre.
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NewsJohn Lewis to launch Madewell brand in UK
John Lewis is to launch US denim brand Madewell in the UK in its new shop at Westfield White City.
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NewsToys R Us to close all stores as search for buyer fails
Administrators have failed to secure a buyer for Toys R Us and have informed staff that all of its 100 UK stores will close over the next six weeks.
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NewsMaplin sale hopes fade as retail rivals circle stores
A clutch of retailers are circling Maplin’s store estate as its hopes of securing a rescue deal rapidly evaporate.
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Elizabeth Line to give West End retailers £4bn boost
A 44% sales boost is forecast for retailers in London’s West End, generated by the Elizabeth line, a new railway running through the capital.
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NewsDixons Carphone expands airports business in Germany
Electricals giant Dixons Carphone’s travel retail business has unveiled plans to open five new stores in Frankfurt and Düsseldorf airports by the end of 2018.
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NewsMissguided CDO: New Look’s shoppers have gone online
Missguided’s chief digital officer Jonathan Wall said that New Look’s poor sales performances is down to its target customer shopping primarily online.
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NewsDebenhams in talks to rent space to WeWork
Debenhams is planning to rent out excess space in its Oxford Street flagship store to co-working office space provider WeWork.
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NewsNew Look to close 60 stores and axe 1,000 roles in CVA
New Look will shutter up to 60 stores and axe almost 1,000 jobs under the terms of a company voluntary arrangement (CVA) it has launched today.
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NewsNew Look primed for CVA after crunch bondholder talks
New Look is poised to launch a company voluntary arrangement (CVA) within days following the result of a crunch bondholder consultation, Retail Week has learned.