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.
A gruelling year for physical retail comes into stark focus with news that up to 70 of 700 UK shopping centres could be set for demolition. Even more ageing centres are in line for redevelopment, a report shows.
Forget fast or slow fashion, now it’s ground to a halt. A mountain of apparel stock has been piling up in stores, distribution centers, warehouses and even shipping containers during months of COVID-19 lockdowns.
Last year, Gap, Pimkie and H&M left the Parisian mid-market commercial thoroughfare, while Parfois and Tezenis came in, ahead of JD Sports and the re-opening of the La Samaritaine shopping centre in spring 2020.