Investment is continuing to flood into London’s West End to support a major regeneration of the UK capital’s premier shopping district following the pandemic. A new scheme will see £1 billion pumped into the region.
Stockmann — owner of its eponymous department stores and the Lindex brand — said 2021 was a year of “a strong turnaround”, with both divisions buoyant in Q4 and Lindex seeing its best-ever full-year figures.
Studio Retail only appointed administrators this week but it’s already been sold. And the new owner is Frasers Group. The Mike Ashley-led retail giant already owned an almost-30% stake pre-administration
Any hopes that Studio Retail might turn around its fortunes have been dashed as it has formally called in administrators. The online retailer has appointed Teneo to handle its collapse, with around 1,400 jobs at risk.
Together Group, a global collection of agencies focused on luxury and lifestyle, has announced the acquisition of “significant stakes” in five founder-led companies as it grows its offer of full-service solutions.
Any hopes of seeing last week’s retail footfall numbers continue to rise across the UK were severely blown off course by Storm Eunice and Storm Dudley, They left their marks across all destinations, two reports show.