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On this episode of Talking Shop I’m joined by Alain Bejjani—former Group CEO of Middle East retail giant Majid Al Futtaim, and author of the definitive new book, NEXT: Leading Through the New Realities. Drawing on his childhood in war-torn Beirut, and his experience steering a $9.5bn dollar retail and lifestyle empire through a global pandemic, Alain brings an unmatched perspective on leadership under pressure. Today, we break down his crisis survival playbook for retailers operating in distress. We discuss why resilience must always outpace efficiency, the four assets a brand must protect at all costs, and how to turn macro-turmoil into a long-term direction that scales.

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Philip Day, the owner of Edinburgh Woollen Mill is reportedly in talks with landlord groups regarding a takeover of several House of Fraser stores.

Day is talking to 10 to 15 landlords with a view to running them as Days Department Stores according to Drapers.

Rents and leases on House of Fraser premises are currently up for negotiation, with no pre-agreed deals standing due to the company’s administration.

Sports Direct bought the retailer for £90m at the start of the week and appointed property agency CBRE to begin negotiations with landlords.

It is also thought that the Edinburgh Woolen Mill Group is prepared to pay higher rents than House of Fraser currently pays and is reportedly willing to acquire stores directly from landlords.

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