Issue 2018 December 18th

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    UK retailers look at acquisition and buy in Spain

    Sports Direct boss Mike Ashley and The Entertainer, a privately owned UK toy chain, are among a pack of suitors lodging their interest in a takeover of Hamleys. The retailers have told advisers to C.banner International, the current owner of the world’s most famous toy shop, that they are considering bids for the business. Smyths, [...]
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    Landmark London development completes finance deal

    Battersea Power Station Development Company (BPSDC) has confirmed that an agreement has been entered into between Battersea Phase 2 Holding Company Limited and Permodalan Nasional Berhad (PNB) and The Employees Provident Fund Board of Malaysia (EPF) for PNB and EPF to acquire the commercial assets within Phase 2 of the Battersea Power Station (BPS) development. [...]
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    New cinema anchors repositioning of Metquarter in Liverpool

    Following an 18-month repositioning programme, Queensberry has opened the doors to the brand new Everyman Cinema at Metquarter in Liverpool, marking the first phase of the scheme’s relaunch. This opening is emblematic of the repositioning strategy Queensberry has implemented at Metquarter, the company said, as it evolves into a premium retail and leisure destination in [...]
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    Online fashion retailer rocks UK market with poor results

    Online fashion retailer Asos has warned of weak profits this financial year after “unprecedented” discounting hit its trading in November. After reports of dismal high street activity last month, the Asos warning suggest that the pain felt in UK retailing is spreading online. The firm said cutting prices to match rivals had not resulted in [...]
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    Tech star goes into administration blaming funding row

    One of the pioneers of the UK tech sector, Blippar, has collapsed into administration over a funding row. The augmented reality firm, whch has been involved I many retail and consumer projects, was co-founded by Ambarish Mitra and Blippar was one of the UK’s tech “Unicorns” – start-up businesses that are worth $1bn or more. [...]