Roger Wade, the founder and chief executive of Boxpark, a portfolio of pop-up malls, has revealed he has received a number of offers for the business after appointing KPMG to find an investment partner.
House of Fraser will live to fight another day. Despite doubts around its CVA plan, creditors voted in favour of it on Friday which means it will now close 31 stores, reducing its size by more than half in the process.
Malls have spent a reported $8 billion on renovations to distance themselves from traditional retail outlets. Trends include renaming properties, and adding entertainment and residential features for secondary use.