Popular now
Debenhams Group returns to growth amid PLT recovery

Debenhams Group returns to growth amid PLT recovery

Currys appoints Fredrik Tønnesen as Group CEO

Currys appoints Fredrik Tønnesen as Group CEO

Inditex sales rise 5.8% after strong start to summer trading

Inditex sales rise 5.8% after strong start to summer trading

Bristol’s Galleries shopping centre on market for discount £32m

Bristol’s Galleries shopping centre on market for discount £32m

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.

Register to get free articles

No spam Unsubscribe anytime

Want unlimited access? View Plans

Already have an account? Sign in

The Galleries shopping centre has been put on the market at a discount rate of £32m, after being originally purchased for £50m, for its redevelopment potential by current owners InfraRed Capital.

According to reports by Drapers, real estate investment firm, LaSalle Investment Management is set to buy the shopping centre.

The Galleries has seen struggles since the opening of Cabot Circus in the centre of Bristol, in 2008. The Cabot Circus shopping centre offers leisure activities such as a cinema, whereas The Galleries features just stores and restaurants.

The drop in asking price is said to reflect the difficulties currently faced by retail landlords, with smaller shopping centres said to be the worst hit by store closures.

Previous Post
New Look to abandon menswear store offering

New Look to abandon menswear store offering

Next Post
Mike Ashley promises to ‘save’ Debenhams

Mike Ashley promises to ‘save’ Debenhams