John Lewis among new terminal’s retail tenants Amidst the ongoing question of how Britain will increase its airport capacity, Heathrow has pushed on with expansion plans to improve its service for international customers. This has seen the country’s... Read More
Selfridges, the department store group owned by Canadian billionaire Galen Weston, has awarded the prestigious first phase of the redevelopment of its flagship Oxford Street store to a joint venture between start-up Blue Sky Building and veteran contractor... Read More
Iconic British brands play a huge part in the country’s economy, with both domestic customers and visitors from overseas attracted to the established prestige of stores such as Fortnum and Mason, Harrods and Selfridges. The latter has particularly enjoyed... Read More
As cheaper imported and domestic brands become ever more popular, many staples of the British retail scene are finding it difficult to boost sales and raise profits on the high street. This has been especially true of both Marks and Spencer and Debenhams,... Read More
The acquisition of UK companies by overseas firms has become a common occurrence of late, with the improving economic situation allowing many to expand as a result of profits growth. However, one of the most controversial deals has been Chinese conglomerate... Read More
A Chinese tycoon has expressed an interest in purchasing British department store House of Fraser. Former government official and multi-millionaire Yuan Yafei approached directors with a £450 million offer for the 165 year old department store with a view... Read More
John Lewis is opening its first airport store as part of a “Best of British” plan for the new Terminal 2 at London’s Heathrow Airport. The new £2.5bn terminal will have 69 retail and catering units when it opens this June. The majority confirmed John... Read More
As the retail industry picks up the pace of recovery and benefits from a boom in consumer spending, it has become apparent that simply offering low prices is no longer enough to guarantee bumper profits. Instead, consumers are placing greater stock on levels... Read More
Harrods is one of the best known names in the retail industry, with an illustrious history of selling luxurious goods to the rich and famous. However, one of the most adventurous aspects to the London store is soon to come to an end, as by February the famous... Read More
In a complex piece of financial engineering, Sports Direct has sold its 4.6 per cent stake in the department store chain Debenhams — just four days after spending £46m to acquire the shares. The sports retailer — whose controversial boss Mike... Read More
