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Marks & Spencer reveals plans for £200m Thames port Monday, 10th June 2013
Marks & Spencer on Monday revealed it is set to invest £200 million in a distribution centre at a new deep-sea container port in east London. The new 900,000 sq ft centre will be located at DP World’s London Gateway port on the Thames, near Stanford-Le-Hope. M&S said the centre will handle millions of products directly from ships, removing millions of road miles and enabling better access to key British cities for the retailer.
Berluti opens first London Maison Thursday, 6th June 2013
Berluti, the brand owned by LVMH Moët Hennessy Louis Vuitton, has expanded its store in London’s Conduit Street to three-floors, and will stock the label’s ready-to-wear collection, as well as leather goods, shoes, and handle bespoke appointments. The site has been the home of a Berluti shoe shop for 15 years, but now the brand ran by LVMH chief executive officer Antoine Arnault will expand the outlet to create a lavish three-floor men’s club experience.
Marc by Marc Jacobs appoints Luella Bartley and Katie Hillier as directors Friday, 31st May 2013
Marc by Marc Jacobs makes two new appointments. Perhaps it’s a touch of British eccentricity that Marc Jacob’s sister line Marc by Marc Jacobs is missing, as the US label appoints two London-based designers to head up the young fashion label. Accessories designer Katie Hillier will oversee Marc by Marc Jacob’s women’s collections as creative director, while Luella Bartley is set to head up the brand’s ready-to-wear lines as design director.
Benefit Cosmetics to open Carnaby Street Boutique Thursday, 30th May 2013
Benefit Cosmetics has announced the launch of the Benefit Boutique on London’s Carnaby Street this Autumn. Known for its vintage Hollywood-style makeovers and retro branding, Benefit’s new boutique will feature all of the company’s latest products. Shoppers will also be able to indulge in a range of treatments, including manicures, all-new blow drys, brow services, body waxing and spray tanning.
Russian retail giant Lenta linked to London listing Tuesday, 28th May 2013
Leading Russian hypermarket Lenta is rumoured to be considering a London listing in a deal that could raise around USD 1.5 billion. Sky News City Editor Mark Kleinman on Tuesday reported Lenta had begun preparing for a listing of Global Depositary Receipts in London, and is set to meet with investment banks in London this week to work on the listing.
French Connection European trading comes in flat Wednesday, 15th May 2013
Fashion retailer French Connection on Wednesday reported trading at its UK/Europe retail business was broadly flat on a like-for-like basis for the first 15 weeks of trading. French Connection said it saw a strong performance in the early weeks of the year, which softened in March but has improved again recently, in line with the same trend seen in the market as a whole.
LK Bennett plots store openings in China Monday, 13th May 2013
LK Bennett becomes the latest luxury retailer to open its stores to the Chinese market. The news comes after a spokesman told the Mail On Sunday that a deal with China is ‘looking very close’ and could be signed as early as the summer. Financial reports show that profits before finance charges had rose 37 per cent to GBP 11 million for the financial year.
Hong Kong continues to demand world’s priciest retail rates Monday, 13th May 2013
Hong Kong held its place as having the world’s highest rent for prime retail properties in the first quarter, demanding almost 50 per cent more than property in comparable locations worldwide. According to a report by CBRE Group Inc., rents in Hong Kong were more than four times those in similar locations for London and Paris, with annual retail rent in high-end shopping areas in the Chinese metropolis averaging at USD 4,328 per square foot.
Investors still have soft spot for London Wednesday, 1st May 2013
London remained a favourite with investors in 2012 with more money channeled into shops and offices in the capital than the rest of Britain combined last year. A report by property consultancy DTZ on Wednesday reported some £16.1 billion was invested in central London in 2012 versus £10.9 billion a year before and total of £32 billion for the country as a whole.
Miss Selfridge makes Beirut debut Thursday, 18th April 2013
Arcadia’s Miss Selfridge this week announced the opening of its first store in Lebanon, in Beirut’s city centre. Having launched on Saturday 13 April, Miss Selfridge’s first store in the region runs across 180 square metres, and features a bespoke edit of the brand’s dresses, accessories and footwear.