A casualty of Hammerson's change of direction (as well as the weak market for bricks and mortar stores) is the mall giant's plan for a massive expansion at Brent Cross that has now been indefinitely deferred.
The Milan-based shopping destination is set to open its first ever US location at NYC’s Seaport District, bringing its unique blend of fashion, art and cuisine to the historic waterfront neighbourhood in September 2018.
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.
A key monthly UK retail report for June seems to show that British shoppers are still turning away from physical stores and that a slight recovery seen in June in year ago was just a flash in the pan.
Charo Izquierdo, director of MBFW Madrid and the fashion weeks at Ifema, including Momad Metropolis and Momad Shoes, recently arrived in the capital with the goal of creating collaborations and improving quality.