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Selfridges owners reportedly mull sale with £4bn price tag

Selfridges owners reportedly mull sale with £4bn price tag

​Selfridges is reportedly up for sale — or at least its owners are exploring their options — after a mystery buyer approached the business with an offer, reports claimed on Friday.
Luxury
Large number of Oxford Street units are empty - report

Large number of Oxford Street units are empty - report

Some 17% of Oxford Street’s properties are currently standing empty, it was claimed on Thursday, with the reason being about the rise of online shopping as well as the pandemic.
Fashion
Lockdown end means UK online sales drop, but fashion is still on a high

Lockdown end means UK online sales drop, but fashion is still on a high

​Online sales in the UK fell 9.1% year-on-year last month, although this was against a 61% increase in May 2020. And even with the fall, spend remain strong with sales volumes rising 46% compared to May 2019.
Fashion
Debenhams' Magasin du Nord is sold to Peek & Cloppenburg

Debenhams' Magasin du Nord is sold to Peek & Cloppenburg

​The Debenhams physical store chain may be history in the UK, but one part of the business is continuing as a physical entity with its Danish Magasin du Nord operation sold to Peek & Cloppenburg for an undisclosed sum.
Fashion
West End launches new-gen creatives pop-up programme

West End launches new-gen creatives pop-up programme

​As they work to drive shopper traffic back to London’s West End, the New West End Company, local authority Westminster City Council and landlord Crown Estate have announced the launch of a pop-up programme.
Fashion
M&S fashion sales plunge, but reopening has delivered growth

M&S fashion sales plunge, but reopening has delivered growth

​M&S has delivered a bleak full-year earnings report, although the bad news was far from unexpected. In year to April 3 — which included three lockdowns during which its clothing departments were shut — sales plummeted.
Fashion
British households spend £400 each on subscription boxes

British households spend £400 each on subscription boxes

​Britons are increasingly switching on to subscription boxes and the pandemic has helped accelerate a trend that was already moving fast before the global health crisis started.
Fashion
Stores and brands should expect wedding shopping frenzy - eBay study

Stores and brands should expect wedding shopping frenzy - eBay study

Brands should get ready for a rush of wedding-related purchases and new nuptial trends this summer, in anticipation of ceremonies getting back on track in June, according to eBay.
Fashion
Solihull Touchwood mall sold to US firm

Solihull Touchwood mall sold to US firm

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.
Fashion
Steen & Strøm reopens after revamp with new name

Steen & Strøm reopens after revamp with new name

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.
Fashion
Freemans owner Otto makes progress, expects fashion segment recovery

Freemans owner Otto makes progress, expects fashion segment recovery

​Otto Group has seen a challenging financial year, but revenue still rose at the company that owns Freemans, Grattan, Bonprix and Quelle, among many other retail and logistics businesses.
Fashion
Anya Hindmarch shopping complex opens in London

Anya Hindmarch shopping complex opens in London

​Many brands are opening new stores at present following the UK’s lockdown easing, but Anya Hindmarch is going to extremes with five new spaces. The new concept, called The Village, opened this week.
Luxury
BFC negotiates concession for models, freelancers on UK visa rules

BFC negotiates concession for models, freelancers on UK visa rules

Models and freelancers in the creative industries can breath a sigh of relief. A new ‘stop-the-clock’ mechanism on the T5 (Temporary Worker) Creative visa has been introduced to ease related Immigration Rules.
Fashion
ROI retail reopens, UK going-out categories could rise on latest lockdown easing

ROI retail reopens, UK going-out categories could rise on latest lockdown easing

​Non-essential stores in the Republic of Ireland (ROI) reopened on Monday with expectations of heavy demand after more than four months of being closed. 
Fashion
Amazon to create 10,000 new UK jobs, corporate fashion roles included

Amazon to create 10,000 new UK jobs, corporate fashion roles included

​Amazon will create 10,000 new permanent jobs in the United Kingdom in 2021, taking its total workforce in the country to more than 55,000, it said on Friday.
Fashion
Selfridges gets licence to host weddings

Selfridges gets licence to host weddings

​After a year in which weddings were cancelled across Britain, they're back on the agenda, so with supreme good timing, Selfridges has just been granted a licence to host the ceremonies and receptions.
Luxury