Latest property news – Page 49
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NewsAustralian retailer House to make UK debut next month
Australian homewares retailer House will make its UK debut next month after securing its first two stores, Retail Week can reveal.
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NewsMaplin administrators draft in GCW to aid sale efforts
Maplin’s administrators have drafted in commercial property experts GCW to advise on the collapsed retailer’s portfolio as they ramp up efforts to secure a sale.
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NewsEataly to make UK debut in London’s Broadgate
Food retailer and restaurant specialist Eataly is to open its first British marketplace in London.
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NewsNew Look plans 60% rent reductions under potential CVA
New Look is planning to slash rents by up to 60% under the terms of a potential company voluntary arrangement (CVA) being discussed with landlords.
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NewsNew Look consults bondholders to pave way for CVA
New Look has kick-started a consultation with its bondholders in the clearest indication yet that it will launch a company voluntary arrangement (CVA).
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NewsMaplin enters administration after rescue talks collapse
Maplin has plunged into administration just hours after last-ditch talks with potential buyer Edinburgh Woollen Mill failed.
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News20,000 stores to shut down in next two years
Falling demand and spiralling business rates could force almost 20,000 stores to close by the end of next year.
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NewsNew Look to meet landlords over closures and rent cuts
New Look’s landlords have been braced for store closures and rent reductions as the embattled chain prepares to visit property owners this week.
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NewsAmazon plans to expand its cashless Go store format
Amazon is reportedly planning to open up to six more of its Amazon Go stores in the US this year.
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NewsToys R Us to shutter a further 200 US stores
Toys R Us is reportedly planning to close up to 200 of its US outlets which, alongside previously announced closures, would comprise half of its store estate.
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NewsSports Direct’s Ashley fails in bid for Brixton Market
Sports Direct owner Mike Ashley has lost out to an Irish property investor in the race to buy Brixton Market.
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NewsM&S, Next to join biggest regional mall since Bluewater
Developers have unveiled plans to build the UK’s biggest new out-of-town shopping centre since Bluewater, with construction work set to start later this year.
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NewsCo-op ploughs £28m into London expansion
The Co-op is ramping up its investment in London amid plans to open 30 new c-stores within the M25 this year.
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NewsNew Look winds back £12m executive pay plan
New Look has rejected a £12m scheme for its top team launched in 2015 as it mulls shuttering up to 60 stores.
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NewsFootfall drops as January Sales fail to woo shoppers
Footfall declined last month as the January Sales failed to lure shoppers to high streets and shopping centres.
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NewsHMV saviour Hilco eyes Toys R Us acquisition
Retail restructuring and turnaround specialist Hilco is among the potential buyers of the troubled British arm of Toys R Us.
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NewsStore gallery: Patagonia opens Manchester store
Patagonia has opened its flagship UK store in Manchester, three years after shuttering its Convent Garden branch.
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NewsRiver Island opens first standalone kids’ shop
River Island has opened its first standalone children’s store, River Island Kids, in Glasgow’s Intu Braehead shopping centre.
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NewsNew Look’s Alistair McGeorge: ‘Don’t doubt us’
New Look executive chairman Alistair McGeorge hit out at critics of the business, insisting that his turnaround strategy will work.
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NewsLaura Ashley quits Japanese bricks-and-mortar venture
Laura Ashley will no longer have a bricks-and-mortar presence in Japan, following its decision to terminate a major licence agreement.