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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Oct- 2024 -7 October
Today’s news in brief-7/10/24
Mulberry founder Roger Saul has suggested that luxury retailer Mulberry might be a better fit with European luxury group LVMH rather than Mike Ashley’s Sports Direct, following Ashley’s unsuccessful £83m bid to acquire the company. Saul, who founded Mulberry in 1971, emphasised that the brand had drifted from its original…
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7 OctoberClothing & Shoes
Sloane Stanley Estate welcomes two new independent retailers
The Sloane Stanley Estate has announced two new design-led independents, Penelope Chilvers and KayaNuka, are joining the King’s Road. Penelope Chilvers has opened a 1,327 sq ft store on Sloane Stanley’s King’s Road, bringing its “made-to-last fashion” to the Chelsea neighbourhood alongside its locations in Notting Hill, Mayfair, Belgravia, and…
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7 OctoberDIY
Carpetright owner takes £11m hit from The Floor Room administration
Figures from Companies House show that Carpetright owner Nestware has taken a £10.8m hit as a result of the closure of The Floor Room. Nestware put the company into administration at the start of August, resulting in 201 job losses. The Floor Room was the sole provider of flooring and…
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7 OctoberClothing & Shoes
Footasylum secures £35m funding package for expansion
Footasylum is set to accelerate its growth plans across the UK and beyond after securing a £35m revolving credit facility (RCF) from HSBC UK. Footasylum was acquired by Aurelius, a global alternative investor, in August 2022. Since then, the company has embarked on a strategic store opening and upsizing programme,…
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4 OctoberNews-In-Brief
Today’s news in brief-4/10/24
Shein is moving ahead with plans for a highly anticipated London IPO, reportedly set to hold informal talks with investors across Europe. According to sources, Shein’s roadshows aim to assess investor interest ahead of regulatory approval from both UK and Chinese authorities. Having confidentially filed for a £50bn float in…
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4 OctoberPeople Moves
M&S Clothing & Home MD joins Refined Networks as NED
M&S Clothing and Home managing director Richard Price has been appointed as a non-executive director at Refined Networks, the global platform for cross-border digital commerce. The non-executive appointment comes at a time of rapid expansion for Refined Networks. Since 2021, the company has partnered with over 40 international fashion brands…
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4 OctoberClothing & Shoes
Shein to hold informal talks with investors ahead of possible London float
Shein is reportedly set to hold informal talks with potential investors in the coming weeks regarding its much anticipated London initial public offering (IPO), according to Reuters.Three sources with knowledge of the matter said the discussions will be held as the fast fashion giant awaits UK regulatory approval to launch…
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3 OctoberNews
Miniso opens first Miniso-Go store in Paddington
Miniso has today (3 October) opened the doors to its very first Miniso-Go store in the UK in Paddington, London. This new store spans over 400 sq ft and features Miniso’s signature affordable and innovative products, including toys, homeware and lifestyle accessories. The Miniso-Go store will cater to travellers and…
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2 OctoberHealth & Beauty
Grown Alchemist to make UK debut in Soho
Beauty retailer Grown Alchemist is set to make its UK debut within the London Soho neighbourhood, opening at 35 Beak Street in November. With an emphasis on “rejuvenation” and “evolution”, the Australian brand is set to open its first store outside of Melbourne, taking a two-floor 600 sq ft space…
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Sep- 2024 -25 SeptemberHealth & Beauty
Boots partners with Just Eat for beauty and healthcare deliveries
Just Eat has announced a new partnership with Boots to deliver on-demand beauty and healthcare products. The announcement marks the first time Just Eat has partnered with a pharmacy-led retailer. The initial launch is being rolled out across major cities including London, Birmingham, Manchester, Leeds, Glasgow and Edinburgh. Customers in…
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