London
This coverage focuses on retail activity, trends, and developments in London, a central hub of the UK retail industry. Reporting highlights flagship store openings, property developments, regional economic factors, consumer behaviour, and strategic moves by both international and domestic brands. Tailored for retail executives and managers, it offers insights into operating and competing in one of the world’s most dynamic retail markets.
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Dec- 2024 -17 DecemberShopping Centres
Landsec acquires 92% stake in Liverpool ONE
Landsec has acquired a 92% stake in Liverpool ONE from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) (69%) and Grosvenor (23%) for an overall consideration of £490m. Of this total consideration, a payment of £35m to ADIA is deferred for two years. The income return on…
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17 DecemberNews
Boohoo head office sale halted after investor walks away
Boohoo’s head office sale has been halted due to an Israeli investor walking away from negotiations, according to The Telegraph. The prospective buyer, who was in talks to acquire the retailer’s Soho office for £60m, has pulled out due to concerns raised by a survey. The retailer purchased its six-story…
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17 DecemberClothing & Shoes
Shein considers listing below 10% rule in London float
Shein is reportedly considering asking UK regulators to waive listing rules that require at least 10% of its shares to be sold to the public ahead of its planned London flotation.According to Reuters, a source said the fast-fashion company was exploring this option to facilitate its IPO. If permitted, it…
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16 DecemberNews-In-Brief
Today’s news in brief-16/12/24
Isak Andic, founder of the global fashion retailer Mango, has died at the age of 71 following a tragic hiking accident in the Montserrat mountains near Barcelona. Spanish media reported that Andic fell down a 150-metre ravine while exploring deep caves in the region. Born in Turkey and later settling…
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16 DecemberSport & Leisure
Sports Direct opens new 29,000sq ft store in Westfield White City
Frasers Group has opened its latest Sports Direct’s latest store in London’s Westfield White City Shopping Centre. Complementing Sports Direct’s first flagship, situated on London’s Oxford Street, the retailer’s new White City location aims to bring a “cutting-edge retail experience”. Spanning 29,000 sq. ft across two floors, Sports Direct White…
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13 DecemberAdvice
Plinc’s Stuart Russell on AI and personalised retail marketing
In an era of constant transformation, staying relevant to customers while achieving business objectives is no small feat for retailers. Stuart Russell, chief strategy officer at Plinc, has built a career solving this puzzle. His experience in customer marketing spans over two decades, touching industries as diverse as gaming, travel,…
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12 DecemberNews-In-Brief
Today’s news in brief-12/12/24
Central Group’s executive chair Tos Chirathivat admitted to overpaying in hindsight for Selfridges and other European luxury department stores as part of a £4bn deal in 2021. Chirathivat told the FT the price felt steep given rising global interest rates but noted the valuation may look more reasonable in a…
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12 DecemberClothing & Shoes
Shein IPO could be delayed over supply chain checks
Shein’s London IPO could be set to be delayed after the FCA is taking longer than usual to give its go ahead as it takes its time to assess the fast fashion retailer’s supply chains, according to Reuters. The FCA is reportedly looking into Shein’s supply chain after receiving a…
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9 DecemberSupermarkets
Caffè Nero bolsters Waitrose and John Lewis partnership
The Nero Group, the family-owned operator of Caffè Nero, has secured new partnerships with Waitrose and John Lewis, which will see the coffee chain open sites in five Waitrose stores. The partnership will also see the opening of the first Caffè Nero in a John Lewis store in White City,…
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6 DecemberNews
M&S gets go ahead for Marble Arch redevelopment site
Marks and Spencer has been given the green light for the redevelopment of the M&S store at Marble Arch. After a three-year battle, deputy prime minister Angela Rayner has approved the plans for the retailer to rebuild the store after they were initially submitted to Westminster City Council in 2021. …
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