The Westfield company is making major headway with its £1.5 billion Westfield Stratford shopping centre development, which is due to open by the end of September next year and will serve the Olympics in 2012.
On track to be the biggest shopping mall in Europe, Westfield Stratford will cover 1.9 million sq ft across 300 shops [...]
Westfield Stratford will be Europe’s largest mall
99p on track for a billion thanks to former Woolies outlets
The Lalanis family, which owns the 99p retail chain less then ten years ago, has benefitted massively from the demise of Woolies, snapping up 16 of the former variety store’s outlets on Christmas Eve 2008. The 99p store group now has 129 shops and projected sales of close to £1 billion over the next six [...]
Advent considers the sale of value retailer Poundland
The private equity company Advent International, which owns budget chain Poundland, has appointed Close Brothers to advise on the sale value of the retailer. Poundland, which was founded in 1990 then purchased by Advent in 2002 for £50 million, seems likely to be put up for auction in the near future. The news follows on [...]
Marco Capello leads the race to buy Liberty departent store
Reports from the retail press today indicate that the former director of Merrill Lynch Global Private Equity, Marco Capello, is about to buy the iconic department store Liberty using his BlueGem Capital Partners investment fund. The business may come with a price tag of up to £40 million.
Liberty was put up for sale last summer [...]
Card Factory sale imminent for £400 million price tag
Shop was interested to discover that after a period of intense speculation, Dean Hoyle, the owner of budget greeting card retail chain, Card Factory, has received a number of bids for the business from private equity groups, which could reap him and the other founders in the region of £400 million.
The interested parties are thought [...]
All Saints in danger of losing its cool in Portobello
Once the dress shop of choice for funky girls with a punky edge, fashion chain store All Saints is in danger of losing its cool cult credentials with the news that a swathe of unique - now irreplacable - Notting Hill antique market stores have been razed to make way for the retailer’s latest branch. [...]
Donald Kaufman toy collection up for auction at Bertoia
The third instalment of auction house Bertoia’s sale of the famous Donald Kaufman Collection of vintage toys is due to take place across April 16 and 17 2010 at Bertoia’s gallery in Vineland, NJ in America.
Part II of the series took place last September, fetching $7.2 million dollars from serious collectors of American, European and [...]
Poundland founder plots launch of the Hub variety store chain
Shop was intrigued to read on Market Insight that Dave Dodd, who co-founded Poundland, is plotting to develop a variety chain by the name of Hub. Despite Dodd’s protestations to the contrary, the business proposal looks set to plug some of the remaining gaps on the high street (and in shopping centres) left by Woolworths. [...]
Cath Kidston may be considering £100 mn sale of business
The mistress of floral-themed shabby chic lifestyle products, Cath Kidston, is thought to be considering a sale of her retail business to American buyout company, TA Associates, which would reap her in the region of £100 million.
Kidston founded her business in 1993 in London’s Holland Park, specialising in vintage fabrics, wallpapers and reclaimed furniture, soon achieving cult [...]
Sofa giant DFS on brink of £500 mn sale
An article in today’s issue of The Independent newspaper reports that sofa retail giant, DFS, is on the verge of being sold for more than £500 million within a fortnight.
First in line to acquire the group from founder and owner Lord Kirkham are private equity firms Cinven, Permira and Advent International.
The retailer, which now has [...]
