The new owners of Selfridges have major property development plans for the site in Oxford Street, London, with a luxury hotel and flats to be created. They will also continue to upgrade the main department store.
David Beckham is reportedly selling a 55% stake in his management business to acquisition-hungry Authentic Brands Group (ABG) for as much as £200 million. The reports haven't been confirmed by either party.
In the eight months since essential retail reopened, shopping centres up and down the UK have achieved notable success in attracting (and keeping) brands. And the Leeds Corn Exchange hasn’t been left out.
The year to the end of March was a tough one for luxury menswear brand Hackett as turnover fell 39.2% as a result of the pandemic. Bespoke tailoring and RTW formalwear were off the agenda for many consumers.
Following a “record” trading year, London jeweller tlke is looking to expand further and has secured £300k in HSBC-related funding. The amount, which is 80% backed by UK Export Finance, will support its 2022 goals.
Esprit this week revealed it has a “series of exciting developments in the pipeline”. With a new product chief, it’s “set to launch new capsule collections drawing on its rich history and brand heritage”.
Retailers' longer return policies, launched during the pandemic to lure consumers, could leave them facing higher costs if shoppers bring back a record-setting $112bn in gifts bought during the long holiday season.