Issue 2019 June 4th

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    Arcadia CVA showdown tomorrow as BRC reports slump in retail sales

    The fate of Sir Philip Green’s Arcadia empire will be decided tomorrow as hundreds of the retailer’s landlords and other creditors will gather at County Hall in central London. They will vote on seven company voluntary arrangements (CVA) proposed by Arcadia. Some of the UK’s biggest property firms, such as Intu, Hammerson and British Land, [...]
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    Madison International Realty acquires 3% of Capital & Counties

    Madison International Realty, a leading real estate private equity firm, has acquired a 3.12% stake in Capital & Counties Properties on behalf of clients, and now holds approximately 26.5 million shares. The company said: “We have acquired this holding in CapCo at a material discount to the most recently reported net asset value. We believe [...]
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    Amazon to open pop-up shops in UK across ten sites

    Online shopping giant Amazon is to open a chain of pop-up shops selling everything from food and drink to electronics, beauty products and homewares in the UK. The first Clicks and Mortar shop will open in St Mary’s Gate in central Manchester on Monday and will also offer Amazon Lockers for customers to collect Amazon orders. Amazon [...]
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    Market Halls to agree £20m funding as Time Out New York opens

    Casual dining company Market Halls, which currently operates from two central London venues in Fulham and Victoria, is to receive £20m funding from Bridgepoint Growth, a dedicated fund making growth capital investments. The capital injection will drive Market Halls’ expansion plans across the UK. It plans to open two new sites this year – a flagship venue [...]
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    Urban Outfitters to open first store in Central Europe

    Urban Outfitters, the American lifestyle retail brand, is to open within a Central European country for the first time and has chosen Elektrownia Powiśle in the heart of Warsaw. The fashion brand already operates in 11 Western European countries and the newly-signed 860 sq m flagship store shows the commercial potential for international brands to [...]