In a first for South Korean investment in the UK, an investment group has acquired a retail park in the West Midlands for £175m, despite the generally unfavourable atmosphere for the UK bricks and mortar retail sector.
Stylist magazine and shopping malls giant Intu have announced that the large-scale consumer fashion and beauty event, Stylist Live, will take place outside London for the first time at Intu Trafford Centre, Manchester.
There was some unexpected good news for the UK fashion sector in June as a strong month for online sales also translated into strength in clothing, with fashion outstripping overall growth for the month.
Struggling Debenhams faces a fresh challenge with credit insurers tightening up the terms for its suppliers, suggesting a lack of confidence in its turnaround. But the company has denied it’s facing a cash crunch.