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Gloucester Quays completes 11 renewals in 2024

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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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Gloucester Quays has announced 11 renewals as part of 20 leasing deals this year, forming over 44,000 sq ft of space. 

The deals bolster its position as a top 10 UK outlet and the destination of choice for brands to open, upsize, renew, and refit their stores. 

Amongst the 11 brands to renew at Gloucester Quays are French-Belgian kitchenware brand, Le Creuset, which invested in a brand-new fit out, and international lifestyle and athletic footwear retailer, Skechers, which increased its footprint at the destination by 50%. 

Other names such as Clarks, White Stuff, Jack Wills, Suit Direct and Raging Bull have also recommitted to the destination, as have Denby, The Gift Company, Baggage World, and Trespass. By renewing their leases, these 11 brands highlight the profitability and resilience of the outlet in the year it celebrates its 15th anniversary.

Paul Carter, asset director at Peel Retail and Leisure, said: “11 lease renewals is a sign of the strength of Gloucester Quays’ offer, and the ability to retain brands because they succeed here. Complemented by a host of new lettings, these deals mean our visitors will continue to have a diverse, top-quality tenant line-up, and the momentum won’t be stopping there. 

“As we close in on the end of our 15th anniversary, the next year is already shaping up to be a bumper period for leasing, with several renewals in the works, and even more diversity in Gloucester Quays’ retail, F&B and leisure on its way in the coming months.”

Emma Wylie at Le Creuset added: “At Le Creuset it is crucial to us that we create a space that evolves with our brand, so investing in our Gloucester Quays site was a natural step. The store has benefitted from the outlet’s heart-of-the-city location and loyal catchment of visitors, so we were thrilled to unveil and showcase our new fixtures, fittings and displays designed to elevate the shopping experience further. 

“The refit signals the continuation of a long-standing partnership we’ve built with Gloucester Quays, and we look forward to continuing this in 2025 and beyond.”

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