All Property articles – Page 206
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NewsRestructurer Gordon Brothers called in to trade Republic
Restructuring specialist Gordon Brothers has been drafted in by administrator Ernst & Young to trade collapsed fashion retailer Republic as the hunt for a buyer continues.
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NewsCompany profile: Footwear retailer Shoe Zone
Footwear retailer Shoe Zone has called an abrupt halt to years of expansion plans by revealing it is to close 90 of its Stead & Simpson stores because of poor trading in December.
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CVS purchases pharmacy chain Drogaria Onofre
US retailer CVS has purchased 44-store pharmacy chain Drogaria Onofre.CVS chief executive Larry Merlo said: “We view Brazil as an attractive market given that healthcare and pharmacy are expected to grow double digits for the next decade. It’s still a highly fragmented market, so we see nice opportunity to grow ...
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NewsUK property tax is among highest levels across the world
UK retailers pay a disproportionately high level of tax on property, including onerous business rates, compared with their global counterparts says research commissioned by BRC.
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OpinionComment: British retailers can use their heritage to help expand abroad
Are international sales the answer to offset depressed domestic demand? My response is a resounding ‘yes’, with caution that it is not a short-term answer or a quick fix.
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GalleryIn pictures: Topshop opens doors of flagship Los Angeles store
Fashion retailers Topshop and Topman will unveil their 30,000 sq ft flagship store at The Grove in Los Angeles today as owner Sir Philip Green continues his quest to conquer the US.
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Spar International to return to India
Spar International plans to return to India by the year-end. Managing director Gordon Campbell said the retailer is in talks with a number of regional chains to sign licensing agreements.He said India is a crucial market for Spar and the company is seeking multiple partners for different regions.“India will be ...
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NewsTheo Paphitis mulls opening series of Robert Dyas shopping centre stores
Ryman Group boss Theo Paphitis is considering opening more Robert Dyas stores in shopping centres as he seeks to take advantage of new retail property coming online.
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Temasek Holdings reveals plans to acquire stake in Matahari
Temasek Holdings has revealed plans to acquire a stake in Matahari, operator of Hypermart. Temasek will indirectly buy a 26.1% stake worth $300m (£191.4m) via controlling shareholder Multipolar.The deal, if concluded, would make Temasek one of the major shareholders in Matahari. Private equity firm CVC Partners has hired CIMB, Morgan ...
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NewsTesco completes £490m sale and leaseback
Tesco has completed a sale and leaseback of seven sites for a sum in excess of £490m.
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NewsBlockbuster administrator Deloitte to close a further 164 stores
Blockbuster administrator Deloitte is to close a further 164 stores over the coming weeks as part of a phased closure programme following the initial decision to shutter 129 shops.
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Galeries Lafayette to open first Chinese store
Galeries Lafayette is to open its first Chinese store in the Xidan commercial district of Beijing in September. It will occupy six floors and cover 516,000 sq ft.Beijing Galeries Lafayette managing director Shen Lang said the store will offer young Chinese shoppers “quality, innovation and uniqueness”.
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Ahold to turn convenience store banner into separate division
Ahold is to turn its convenience store banner AH to Go into a separate division. AH to Go was formerly managed as part of Ahold’s domestic Albert Heijn operation, alongside Albert Heijn supermarkets and AH XL superstores.Through the restructuring, the retailer aims to be better positioned to react to AH ...
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Decathlon to open 25 stores in China
Decathlon plans to open 25 stores in China this year, and aims to have 150 in the country by 2015. In Guangzhou, the retailer expects to have 20 stores within two years. At present, it has 56 shops in China.Decathlon recently opened its third store in Guangzhou, Guangdong province. Sited ...
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Fast Retailing to open 10 Uniqlo stores in the Philippines
Fast Retailing is opening 10 Uniqlo stores this year as it aims to build the brand in the Philippines. Four stores are expected to open in the first half of the year, one in Taguig City’s SM Aura mall.The retailer will also open stores in SM Fairview in Quezon City ...
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NewsFashion chain Republic poised to plunge into administration
Fashion retailer Republic is understood to be on the verge of administration, with administrator Ernst & Young waiting in the wings.
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NewsHomewares retailer Dunelm pre-tax profits soar 14.6% in first half
Homewares specialist Dunelm pre-tax profit soared 14.6% to £59.8m in its half year to December 29 as its store expansion continued with 10 superstores opened over the period.
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NewsDanish mattress brand Tempur Mattresses to open first UK store in Bluewater
Danish mattress brand Tempur Mattresses, which uses NASA technology to create its products, is to open its first store in the UK in Bluewater shopping centre this summer.
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NewsHMV to shut 66 loss-making stores
HMV’s administrator will close 66 stores over the next one to two months, putting 930 jobs on the line.
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NewsGovernment develops forum to boost struggling high streets
The Government is establishing a national Future High Streets Forum, co-chaired by Alliance Boots health and beauty chief executive Alex Gourlay, to develop the work done by the Portas Pilots.