A Week on the High Street - October 23rd

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RETAIL AND LEISURE

UK Potato company Albert Bartlett have secured an arrangement to reopen and operate eight Spudulike sites. The now global potato firm, that was founded in 1948 in Scotland and provides more than 20% of the UK’s fresh potatoes, will reopen the quick-service brand in Livingston, Manchester, York, Glasgow, Greenhithe, Norwich, Bridgend and Leeds and is believed to be in talks to open a few more. 

 

Having opened nine new stores across the UK in the last six months vegetarian and egg-free cake retailer Cake Box is set to open three more stores. With their strict lacto-vegetarian, meat-free and egg-free baking they are catering to religious communities as well as those following specific diets.

 

Luxury jewellery retailer Links of London, that currently operates 28 standalone stores and seven concessions across the UK and Ireland, has appointed Deloitte as administrators in a bid to try to secure a rescue sale. The ‘difficult trading conditions’ and difficulties being faced by its Greek owner Folli Follie following fraud allegations from the overstated 2017 sales revenue is said to have left them with "no choice” but to place it into administration.

 

Having fallen into administration last week, Asian clothing retailer Khaadi Fashion has been acquired as part of a pre-packaged deal by Weaves UK Trading. Founded in 2013, the retailer operated ten stores across the UK and around 100 staff, the deal will see six outlets continue to trade saving the majority of the jobs.

 

Leeds-based interior retailer Dowsing and Reynolds has opened its first concept store in Victoria Leeds. With dedicated sections for each room in the home the store spans two floors and 2,100 sq ft.

 

PROPERTY

16 years after acquiring the site, Henry Boot Developments has sold The Mall in Bromley to a consortium of international investors for £20m. Anchored by Sports Direct, Poundland, Argos and Iceland, The Mall comprises of 87,145 sq ft of retail space, 9,728 sq ft of office space and a new Travelodge hotel. 

 

London-based developer Native Land and partners Temasek, HLP and Amcorp Properties have started construction on the first phase of their £1bn mixed-use development Bankside Yards. At the heart of the development will be the 14 restored historic railway arches set in three acres of open space as well as 230,000 sq ft of office space, 240 residential apartments and 50,000 sq ft of independent retail, restaurant and cultural space.

 

POP-UPS AND CLICKS-TO-BRICKS

LVMH-owned Fenty is to open its first physical store in the UK with a pop-up at Selfridges in London to present the brand’s most popular pieces. Liverpool One will see a 6-week pop-up from Barbie featuring limited edition clothing for kids, adults’ apparel and fun Barbie accessories as well as a range of Barbie dolls. Fashion and lifestyle retailer White Stuff is to open their first-ever pop-up in time for Christmas in London’s St Pancras International rail station. Offering festive decorations, winter accessories, stocking fillers and the exclusive ‘With Love from London’ products as well as encouraging customers to take selfies with a 7ft polar bear sculpture and personalised Christmas cards.

 

Having raised more than 4 million pounds earlier this year in a funding round led by Guinness Asset Management, baby and toddler clothing brand Mori is to open its first bricks-and-mortar store on Northcote Road in London. Boasting more than 35,000 customers in over 50 countries online the retailer’s store will offer customers ‘the immersive Mori experience’ selling sleepwear, daywear and accessories for the nursery.

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