Hermès had a good first quarter as all of its business lines returned to growth and the company said it saw "a remarkable increase" in ready-to-wear and accessories, as well as watches and other categories.
Hammerson is to slash rents for its retail tenants by around 30% as UK stores reopen post-Lockdown 3. UK & Ireland MD Mark Bourgeois said that “typically, we're resetting our rents to more affordable levels”.
Studio Retail is no longer for sale. The company has received plenty of interest in the business, but said its recent strong trading suggests that it can create greater value for shareholders as a pureplay retailer.
With European populations slowly but surely being vaccinated, designers on the Continent are suddenly expressing a new optimism. Few more so than Demna Gvasalia of Balenciaga in Balenciaga's winter 2021 pre-collection.
The Hut Group (THG) swung to an operating loss in its 2020 financial year as one-off items drove it into the red. However, the company’s revenues surged during the period as all divisions outperformed.
Hammerson is selling its UK retail parks to Canadian private equity firm Brookfield for around £350 million, according to one report. However, on Monday, Hammerson said any deal is far from being sealed.
April 12 sees the opening of McArthurGlen’s latest outlet centre with the debut of the £160m Designer Outlet West Midlands. The company said it’s the only standalone shopping centre to open in the UK this year.