• European retail moving at different speeds at start of 2015Tuesday 6th Jan 2015

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    French grocery group aims for more disposals to reduce debt

    French supermarket retailer Casino is targeting a further €2 billion of asset sales as it steps up plans to cut debt and improve its financial performance. Casino has been struggling during a tough business climate in France, where the impact of a price war among the big supermarket operators has dented retailers’ profit margins. “The [...]
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    Acquisitions ring the changes in UK fashion retailing

    Three well known fashion brands have seen their whole or parts of their brands acquired by expanding names in the UK. The moves reflect the changing face of the UK high street and fashion market and the ongoing challenges facing the mid- and premium-fashion markets. Online fashion retailer Boohoo has bought the online operations of [...]
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    US bookseller to head in new direction as books category fights back against Amazon

    The largest activist fund in the world, Elliott, has completed its $683m acquisition of US book giant Barnes & Noble following approval by the majority of shareholders. Elliott’s acquisition of Barnes & Noble, the largest retail bookseller in the United States, follows its June 2018 acquisition of Waterstones, the largest retail bookseller in the UK. [...]
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    Hammerson signs up new names in the UK as it nears divestment completion

    Anglo-French developer and landlord Hammerson has nearly completed its divestment programme for 2019, after pledging to reduce debt. At the same time, it has pushed ahead with new lettings in its UK centres as it looks to bolster its portfolio. Last month, Hammerson exchanged contracts with AXA Investment Managers – Real Assets, acting on behalf [...]
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    UK retail to residential stalls despite Government backing

    Despite having the backing of the Government, the number of retail to residential conversions have fallen by 17% in the last year in England, according to new figures. Shop conversions remain low despite retail industry struggles and there are reports of some councils starting to restrict conversions, according to a new report from private wealth [...]
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    German mall specialist and online retailer confirm partnership

    The German online retailer OTTO and ECE, the European shopping centre developer and landlord, are creating a cross-channel link between brick-and-mortar retail and e-commerce. Effective immediately, the product ranges of local retailers and name-brand manufacturers can be added to the product offering on otto.de. The objective of this connected commerce concept is to boost offline [...]

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