It’s a subject close to the heart of many physical retailers: the scrapping of the business rates system. Latest to join the call for change is John Lewis chair Sharon White, who wants it replaced it with a new land tax.
It’s becoming an increasingly important focus of every business, so Landsec has appointed its own head of Sustainability. Jennie Colville is to lead the property giant’s related strategy across its £10.8bn portfolio.
The Touchwood shopping centre in Solihull has a new owner. US-based real estate investment and asset management firm Ardent Companies has bought the Midlands mall from Lendlease Retail Partnership for an undisclosed sum.
Is the UK's Frasers Group about to make a bid for Hugo Boss? Some investors in the latter seem to think so as its shares jumped on Friday on speculation that shareholder Frasers has ambitions to take control.
Luxury Oslo department store Steen & Strøm has reopened after a €29.5m upgrade. The historic store has a new entrance on Norway’s busiest shopping street, a state-of-the-art beauty hall and upgraded architecture.
The bounce in UK consumer confidence continues. The easing of Covid-19 restrictions was the obvious plus behind a six-point rise for May ( to -9), returning to the level last seen before the pandemic hit.
The trading environment may have been volatile but luxury giant Richemont still managed to see net profit rising almost 40% in the financial year to the end of March, beating forecasts by a wide margin.