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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Nov- 2023 -16 NovemberNews
Dr. Martens appoints new chief brand officer from Apple
Dr. Martens has announced that non-executive director Ije Nwokorie will join as chief brand officer from 1 February 2024. On appointment into this role, Nwokorie will cease to be a member of the board and will step down as a member of the audit and risk, nomination and disclosure committees. …
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15 NovemberNews
Today’s news in brief-15/11/23
Central Group, a Thai conglomerate and co-owner of Selfridges, has reportedly become the largest shareholder by converting a €364m loan into equity. This move follows reports of financial troubles at Signa Group, the other key shareholder. Restructuring efforts were initiated due to rising borrowing costs and falling property valuations. Selfridges,…
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15 NovemberHealth & Beauty
Aurelius acquires The Body Shop for £207m
The Body Shop has been acquired by Aurelius Group from Natura and Co for £207m, which includes an earn-out of £90m. Aurelius will work with the management team to “drive operational excellence” across the group, leveraging its expertise and experience in the omni-channel retail and wholesale markets. The retail group…
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13 NovemberNews
Tommy Hilfiger and Calvin Klein open at Caledonia Park
Tommy Hilfiger and Calvin Klein have opened at Caledonia Park, Scotland’s premium designer outlet village. Tommy Hilfiger has opened a 5,000 sq ft store at the centre, joining anchor brands such as Nike, Adidas, and POLO by Ralph Lauren. Stocking menswear and womenswear defined by the brand’s “classic American cool”…
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10 NovemberNews
Today’s news in brief-10/11/23
The Office for National Statistics (ONS) has reported that the UK GDP showed no growth in Q3 2023, in contrast to a 0.2% increase in the previous quarter. Year-on-year, GDP increased by 0.6% in Q3. The services sector saw a 0.1% fall, offset by a 0.1% increase in construction output…
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10 NovemberClothing & Shoes
Asos to launch first pop-up store ahead of Black Friday
Asos is set to launch its first four-storey pop-up store in Central London from 23-26 November. The Asos In Real Life pop-up will welcome customers to an immersive space at 11 Rathbone Place, where they will be able to experience its fashion “first-hand”, with a curated edit of AW23 collections…
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7 NovemberHigh Street
Majestic opens small-format store in Crouch End
Majestic Wines has opened its newest 3,150 sq ft small-format store in Crouch End, which will carry the retailer’s full range of more than 1,200 products. The store is located on Crouch End Hill alongside other businesses M&S Simply Food, Waitrose and Gail’s Bakery. The retailer’s staff will host free…
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6 NovemberNews
Today’s news in brief-6/11/23
The future ownership of the iconic London department store, Selfridges, is reportedly in question as co-owner Signa grapples with a financial crisis. Restructuring experts have been enlisted to help Signa raise funds amidst rising borrowing costs and falling property valuations. The sale of Signa’s 50% stake in Selfridges is likely,…
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6 NovemberNews
Chinti & Parker and Aspiga open in King’s Road
The Sloane Stanley Estate has announced that luxury womenswear brand, Chinti and Parker, has opened its first permanent store on the King’s Road following a raft of pop-ups over the last two years, as well as a new pop-up for ethical and sustainable fashion label, Aspiga. Boasting luxury cashmere and…
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6 NovemberDepartment Stores
Selfridges ownership uncertain as co-owner faces cash crisis
The future ownership of Selfridges is said to be uncertain following reports that its co-owner Signa is facing a financial crisis, according to The Times. Restructuring experts have reportedly been called in to help the real estate company raise funds after it was hit by rising borrowing costs and falling…
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