Madrid
This coverage focuses on retail developments and business activities in Madrid that are relevant to UK-based professionals. Reporting includes updates on store openings, international expansions into the Spanish market, flagship locations, and cross-border strategies involving Madrid as a key European retail hub. Insight supports executives and managers assessing opportunities, competitors, and market trends in the cityโs retail landscape.
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Sep- 2024 -2 SeptemberHigh Street
End of tax-free shopping hitting retail hard, warns Kurt Geiger CEO
Kurt Geigerโs CEO has warned that scrapping tax-free shopping for tourists is having a โmassively negative effectโ on retail in the UK.ย According to The Times, Neil Clifford said tourists were now travelling to other European countries for their shopping after the scheme was scrapped in 2021. Under the scheme,…
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Jun- 2024 -11 JunePeople Moves
Mango appoints Mango Home director amid homeware expansion
Mango is strengthening its homeware line with the appointment of Nuria Font as the new director of Mango Home. Font, who was previously director of Mango’s Wholesale Department, will begin overseeing the homeware line this month.ย She began her career as an auditor at KPMG. In 2006, she joined Mango…
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May- 2024 -29 MayClothing & Shoes
Primark enters 17th market with new Budapest store
Primark has officially entered its 17th market with the opening of a store in Hungaryโs capital Budapest.ย The move comes after the fashion retailer invested more than โฌ8m (ยฃ6.8m) as part of its growth plans in Central and Eastern Europe.ย ย Primarkโs Budapest store, which spans over 33,900 sq ft of…
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Apr- 2024 -9 AprilHealth & Beauty
Charlotte Tilbury owner eyes โฌ2.5bn IPO
Spanish beauty group, Puig, which owns brands including Charlotte Tilbury, has announced its intention to raise more than โฌ2.5bn (ยฃ2.1bn) through an initial public offering of its class B shares to qualified investors. The 110-year old company is looking to apply for admission of the shares to listing on the…
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Nov- 2023 -14 NovemberNews
Today’s news in brief
Next has defended its chair, Michael Roney, after more than 20% of shareholders voted against his re-election at the annual general meeting. The votes against Roney were primarily due to concerns that he was “considered as overboarded,” with a secondary issue related to the gender makeup of the board. Under…
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14 NovemberNews
Hammerson considers sale of Bicester Village-owner stake
Britainโs biggest shopping centre owner, Hammerson, is in talks to sell its stake in Bicester Village-owner for about ยฃ1bn, Sky News has reported. The shopping centre owner is believed to be in discussion with multiple investors about buying the 40% stake in Value Retail and a deal could be striked…
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Oct- 2023 -13 OctoberDIY
Ikea sees sales jump 6% to โฌ47.6bn
Ikea has posted sales of โฌ47.6bn (ยฃ41.1bn), up 6.6% compared with FY22, for the year ended 31 August 2023 despite facing what it called the โcontinued challenge of lower sales quantitiesโ. Alongside this, the companyโs UK sales rose 11.9% to ยฃ2.46bn, with the company stating that number was boosted by…
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10 OctoberNews
Mamas and Papas expands in South East Asia
Mamas and Papas, the high street nursery brand, has announced a series of new partnerships with retailers in South East Asia as part of its ongoing international expansion. The company has signed multi-store supply agreements with MAP Active, a part of PT Mitra Adiperkasa TBK Group, a lifestyle retailer with…
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Jun- 2023 -19 JuneClothing & Shoes
Fanatics acquires Fexpro to expand business in Latin America
Fanatics, a global digital sports platform and provider of licensed sports merchandise, has completed its acquisition of Fexpro, a leading wholesaler of licensed sports and branded apparel serving Latin America. Headquartered in Panama with a presence across Latin America, Fexpro is a preferred licensee for several major US sports leagues…
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Dec- 2022 -1 DecemberClothing & Shoes
Primark invests โฌ100m into Spanish expansion
Primark has announced an investment of โฌ100m (ยฃ86m) in the Spanish market including opening eight new stores and creating 1,000 jobs. The company will spend โฌ80m (ยฃ69m) on opening the eight new stores and extending one existing store over the next two years. There are also plans to spend โฌ20m…
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