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

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    Topshop owner issues statement on restructuring after CVA rumours

    Controversial Arcadia boss Sir Philip Green is working on a restructuring of his retail fashion empire that includes flagship Topshop and Miss Selfridge. The billionaire’s company said in a statement that it was suffering “an exceptionally challenging retail market” in the UK and that Arcadia was therefore “exploring options” to bolster the business. Job cuts [...]

    Rising business rates put pressure on London luxury retailers

    Escalating business rates are continuing to put pressure on high end West End Retail according to latest figures from Colliers International, the global property agency and consultancy, and are now even impacting on the most exclusive brands. Retailers are about to find that new bills for the year dropping on their doormats will show the [...]

    Development agreement secures regeneration of Princess Square and The Deck

    The next major milestone in Bracknell town centre’s regeneration has been secured with the signing of a legal agreement between Bracknell Forest Council and its development partner, Bracknell Regeneration Partnership (BRP) – a 50/50 joint venture between Schroders UK Real Estate Fund and Legal & General Capital. The development agreement will bring about the next [...]

    MIPIM Review: MSCI and RCA point to changing market

    The next 12 months may be a year of adjusting to rapid changes arising from a variety of sources, including environmental, social and governance-related (ESG) risks; geopolitical uncertainty; and disruptive technology, according to Will Robson, global head of real estate research at MCSI. In its latest report, the company has identified five emerging real estate [...]

    MIPIM Review: Greece upgrades tourist offer as it broadens global appeal

    Tourism helped to pull Greece through “not just a financial crisis but a social crisis too” said George Tziallas, secretary general for the Ministry of Tourism, Greece, as he outlined plans to encourage further investment and development in the sector across the whole country. Speaking exclusively to RPA, Tziallas said that with tourism up at [...]

    Debenhams cries foul over Sports Direct move

    UK department store chain Debenhams has called on the competition watchdog to intervene in an attempted boardroom coup by the Sports Direct and House of Fraser boss, Mike Ashley. Ashley used a stock market announcement to call a Debenhams shareholder meeting to oust nearly all the company’s directors and install himself as chief executive. The [...]

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