New owner. Big plans. Acquisition-hungry The Ardent Companies has completed the takeover of Touchwood shopping centre in Solihull, West Midlands, from Lendlease Retail Partnership, for an undisclosed sum.
In what looks to be a strong fit, retail giant JD Sports Fashion has made a multi-million-pound investment in UK performance wear/althleisure retailer Gym King, taking a “significant” minority stake in the firm.
In a major boost to UK physical retail that has been devastated by widespread closures during the pandemic, we could expect 17,000 local high street stores to open in the next 12 months, according to new research.
The Browns kidswear entry announced back in May has finally touched down, the retailer "catering to the cool kids, with the best in fashion alongside some exclusive capsules from brands entirely new to the category".
Already a big draw for sports/youth brands, London’s Carnaby neighbourhood has scored another couple of major wins for landlord Shaftesbury with debut UK stores for The National Basketball Association and Hype.
Unilever's first-half results should give a sign of how it is coping with rising commodity and transport costs - whether it has managed to lift prices without hitting sales volumes, or whether margins are being squeezed.
The Australian antitrust regulator on Thursday kicked off an inquiry into the local units of Amazon, Ebay and other online markets to ensure fairness in a sector where sales have soared through the Covid-19 pandemic.