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- 2023 -21 DecemberNews
Today’s news in brief-21/12/23
Frasers Group has confirmed its acquisition of the Matches business from MF Intermediate Limited in a deal estimated at £52m. The deal involves the purchase of 100% of the shares of six companies, along with the senior and junior debt owed by these entities. The transaction, to be settled in…
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21 DecemberClothing & Shoes
Mango welcomes ‘record’ year as sales top €3bn
Mango has welcomed a “record” year of sales in 2023, with expectations that full-year turnover will hit €3bn (£2.6bn), surpassing its current sales record of €2.68bn (£2.3bn). The news comes as the Spanish fashion group expanded its online sales to 20 new countries in the last 12 months, exceeding 110…
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19 DecemberNews
Today’s news in brief
South Korean e-commerce giant Coupang has reportedly reached an agreement to acquire Farfetch in a $500m rescue deal. The transaction involves a bridge loan to Farfetch and negotiations with a group of debtholders holding a significant portion of Farfetch’s term loan. The London-based luxury retailer is expected to undergo acquisition…
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19 DecemberClothing & Shoes
Farfetch acquired by Coupang in $500m rescue deal
South Korean ecommerce group Coupang has agreed to acquire Farfetch, which had been seeking a rescue deal in recent weeks, The Financial Times has reported. The rescue deal, which also involves Greenoaks Capital Partners, will see Farfetch receive a $500m (£394m) bridge loan to help it continue operating. Coupang negotiated…
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19 DecemberNews
Asda opens 81 Express stores ahead of Christmas
Asda has opened a record 81 new Asda Express stores in December in a bid to bring Asda value to even more communities ahead of Christmas. The conversions of its recent acquisition of Co-op and EG UK sites, alongside the opening of eight standalone Asda Express stores, brings the total…
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18 DecemberNews
Aldi creates national real estate team amid growth plans
Aldi has created a new national real estate team as it looks to deliver its plan to open 500 new UK stores. The UK’s fourth-largest supermarket recently announced a long-term plan to operate 1,500 UK stores – and the distribution network to service them – to meet growing demand from…
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18 DecemberHealth & Beauty
Boots to launch AI ‘personal shopper’
Boots has plans to launch a ChatGPT ‘personal shopper’ tool for its website with the aim of boosting online sales, The Telegraph has reported. The news comes as the beauty and pharmacy retailer is reportedly testing an AI chatbot, which will be able to make recommendations for lipsticks and beauty…
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13 DecemberNews
Today’s news in brief-13/12/23
Walgreens Boots Alliance (WBA), the US-based parent company of Boots, is reportedly exploring an initial public offering (IPO) on the London Stock Exchange, reviving plans to divest the pharmacy chain. Walgreens had abandoned a £5bn sale of Boots last year, citing challenges in global financial markets. The potential IPO is…
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13 DecemberHealth & Beauty
Boots owner eyes London IPO amid revived disposal plans
Boots’ US-based parent company, Walgreens Boots Alliance, is reportedly eyeing an initial public offering (IPO) on the London Stock Exchange as the group revives plans to offload the pharmacy chain, according to Bloomberg. The news comes after WBA abandoned Boots’ £5bn sale and its No7 beauty brand last year, having…
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12 DecemberNews
Under Armour opens store at The O2
Under Armour, the global sports apparel brand, has opened its London outlet debut store at Outlet Shopping at The O2, which is owned and operated by Waterfront Limited Partnership, a joint venture between AEG and Crosstree Real Estate Partners. The new Under Armour store occupies 3,949 sq ft on Outlet…
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