One of Oxford Street’s historic department stores is being redeveloped with the plans that have just been approved being another sign of how retail on what was once Europe’s busiest shopping street has changed forever.
Big job. Big, big bonus. Michael Murray, who’s set to become chief executive of future-father-in-law Mike Ashley's Frasers Group, could be in line for a £100 million share windfall under a proposed pay package.
The revitalisation of Croydon in Southeast London is nowhere near to completion as the pandemic has seen the major parties involved (URW and Hammerson) abandoning big plans to redevelop the Centrale & Whitgift Centre.
Is the UK's Frasers Group about to make a bid for Hugo Boss? Some investors in the latter seem to think so as its shares jumped on Friday on speculation that shareholder Frasers has ambitions to take control.
Debenhams will exit the UK high street for good on May 15 as the administrators close its remaining stores. The closures will end more than 200 years in which the company has been a major name in UK retail.