Private equity firm Clayton, Dubilier & Rice (CD&R) is poised to start a bidding war for British supermarket chain Morrisons, the target of a £6.3 billion ($8.8 billion) offer from a group led by another U.S. firm.
CBRE Global Investors has named Adam Cummins manager of Angel Central, the Islington, London community-led retail and leisure destination. He joins the team at Lambert Smith Hampton, managing agents for the centre.
Just how tough UK retail’s pandemic mauling has been — especially for fashion — came into stark focus on July 30. More than one in seven stores are now vacant on UK high streets, retail parks and in shopping centres.
Consumers want more transparency from brands around eco practices with nearly a third of them thinking not enough is being done, while almost a quarter think there’s too much ‘greenwashing’ simply to improve sales.
Unibail Rodamco Westfield has reported H1 results and continued to see “significant Covid-19-related disruption” in the first six months. But it also highlighted its ongoing “resilience in tough operating conditions”.
UK retail sales continued to grow at a rate well above the long-run average in the year to July, but clothing and footwear stores are yet to see demand recover to usual levels, the CBI’s latest survey has showed.
Capital & Counties (CapCo) believes it’s slowly getting back to its best. The London, Covent Garden-centric property group’s CEO Ian Hawksworth said as much in its interim half-year trading update to 30 June.
Any brand or retailer still thinking that ethical issues don't matter should look at a new report. The study says that as many as 35% of online shoppers in the UK will only associate with "responsible" brands.