All Property articles – Page 28
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NewsMonsoon Accessorize CVA passed by creditors
Monsoon Accessorize’s CVA has been passed by its creditors, paving the way for hefty rent reductions at around half of its stores.
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NewsDay turns screw on Bonmarché by imposing offer deadline
Philip Day, owner of the Edinburgh Woollen Mill Group, has put a deadline on his his offer to buy Bonmarché over concerns about its ability to operate as a going concern.
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NewsBoohoo to open London event space and showrooms
Boohoo has taken event space and showrooms in London’s West End, marking the formerly pureplay retailer’s first foray into bricks and mortar.
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NewsItalian womenswear brand Stefanel in administration
Italian fashion brand Stefanel UK arm has crashed into administration and is set to close both its London stores.
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NewsThe Hut Group makes first foray into bricks and mortar in Manchester
The Hut Group has completed the purchase of a building that formerly housed a Jamie’s Italian restaurant in Manchester, marking its first move into bricks-and-mortar retail.
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AnalysisAnalysis: Why New Look and Carpetright’s CVAs are working
Despite their recent surge in popularity for cash-strapped retailers, CVAs are known to be a notoriously unreliable way of saving a business.
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NewsSports Direct opts for town centre with freehold acquisition
Sports Direct has acquired the freehold of a former TJ Hughes building in a town centre, relocating from a nearby out-of-town retail park in the process.
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AnalysisAnalysis: How technology can save the high street
Hard times on the high street have been thrown into stark relief in the wake of news that Boots may close as many as 200 stores, while a CVA at Arcadia will result in about 50 closures.
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NewsSainsbury’s trials UK’s first meat-free butcher
Supermarket chain Sainsbury’s has opened a meat-free butcher in east London to cater for the growing vegetarian and vegan population.
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NewsMonsoon Accessorize CVA proposal calls for rent cuts
Monsoon Accessorize has published its CVA proposal calling for rent reductions at 135 stores in exchange for £30m in funding and a £10m annual profit-sharing scheme.
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NewsAldi to extend Local stores trial after positive feedback
Aldi is extending the trial of its Local store fascia, following the success of its first such shop that opened in Balham earlier this year.
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NewsMonsoon offers landlords share of profits ahead of CVA
Monsoon Accessorize has rejected landlords’ demands for an equity stake in favour of a share of future profits, ahead of its mooted CVA proposal.
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NewsMonsoon CVA under pressure as landlords cast doubts
Monsoon’s proposed company voluntary arrangement is already facing opposition from large landlords ahead of its reported launch tomorrow, Retail Week understands.
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OpinionOpinion: Time to take a leaf out of Waterstones’ book
It seems a long time ago – some people won’t even remember it – that Amazon was simply an online bookseller.
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NewsUntuckit hires retail property firm as it eyes UK launch
US casualwear brand Untuckit has hired a UK property agency to help it identify possible store locations in London ahead of it launching in the UK.
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GalleryIn pictures: Primark opens Friends-themed café
Primark has opened a Friends-themed Central Perk café in its Manchester store featuring exclusive branded product.
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NewsSmiggle warns owners could pull plug on UK backing
Smiggle has warned that its Australian parent company Just Group could pull the plug on funding for its UK business if economic conditions deteriorate.
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AnalysisArcadia CVA: Saved today, gone tomorrow?
Arcadia’s second attempt to get its CVA approved was successful today. Retail Week explores whether this will be the beginning of Arcadia’s revival or simply a stay of execution
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NewsArcadia CVA passes, safeguarding 17,000 jobs
Arcadia’s CVA has been approved after today’s second creditor meeting when all seven votes passed muster with landlords, suppliers and the pension authorities.
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NewsLidl to plough £500m into London expansion
Lidl is set to open on Tottenham Court Road as part of plans to supercharge its bricks-and-mortar presence in London.