Norway’s sovereign wealth fund manager Norges Bank Investment Management (NBIM) is acquiring full ownership of Meadowhall Shopping Centre in the UK by buying the remaining half from British Land for £360m (€420m), and taking over the mall’s £426m debt in the process. In 2009, British Land sold a 50% stake in Meadowhall to London & Stamford Property and...
Category: Shopping
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Body Shop administrator to launch auction of stricken chain
The Body Shop’s administrators are to launch an auction of the chain after concluding that an alternative restructuring of one of Britain’s best-known high street retailers was not viable. Sky News has learnt that FRP Advisory, which has been overseeing the collapsed business since January, is to begin formally sounding out potential buyers in the...
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What is Temu and is it safe to buy from? – Which? News
Temu exploded onto the online marketplace scene in 2023, rocketing in popularity and creating a huge buzz on social media and beyond. Word of mouth is everything for this new online marketplace; you may well have heard from a friend who’s bought a water bottle for £2 or a pair of trainers for £6. But...
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Oxford Street 2.0: How £1bn investment will renew and transform London shopping hub
A few short years ago optimism about Oxford Street was in short supply. Footfall plummeted in the pandemic and fears for retail and tourism deterred investment in the area. Empty units were taken over by a spate of insalubrious American candy stores, often filled with fake goods and defaulting on their business rates. Confidence in...
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‘The Body Shop held our hand’: how the troubled British firm helped a recycling startup in India
Sitting in a sultry corner of southern India, beside the rain trees and beaches of Mangalore, Shifrah Jacobs, the co-founder of Plastics for Change, smiles as she recalls how it all began. One thing she says she won’t ever forget is the Body Shop for its big-heartedness when her company was a wet-behind-the-ears startup. The...
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Ikea cancels store opening in landmark London location due to ‘unforeseen issue’
Ikea has announced the cancellation of an opening of one its stores in a landmark London location. The Swedish homeware retailer confirmed the opening of its Oxford Street shop has been postponed in order to fix leaks in the building’s basement. This is the second time the proposed store has been forced to pushback its...
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Major UK shopping centre evacuated with people rushed out in ’emergency’
A MAJOR UK shopping centre has been evacuated after people were rushed out due to a “suspicious item”. Shoppers were told to get out of Westfield shopping centre in Stratford, east London, this morning. 2 Westfield Stratford was evacuated in an emergencyCredit: MartinJohnston7 2 The shopping centre in East London is popular in the capitalCredit:...
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Pet Shop Boys: ‘We should call our next tour Farewell’
26 April 2024 Mark Savage,Music correspondent Alasdair McLellan The Pet Shop Boys formed in 1981, and released their first single three years later “I don’t like spiral staircases,” says Chris Lowe. “And that’s the first time that’s come out in an interview.” Call it an exclusive. You heard it here first. The Pulitzer is in...
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Sainsbury’s says almost everyone now shops in store
25 April 2024 By Nick Edser,Business reporter PA Media Sainsbury’s says shoppers are returning to its stores as the surge in online shopping seen during the Covid pandemic continues to unwind. The UK’s second largest supermarket said online sales had been above 20% at the height of the pandemic, but are now back to about...
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A London fish and chips shop has been named the best in the UK
London is known for many things: tall buildings, fast-paced locals, extremely overpriced pints of beer. But, unfortunately for some, it’s been a while since fried fish, chunky chips and mushy peas made that list. In the National Fish and Chip Awards earlier this year, only one London chippy was nominated. But Stones Fish and Chips in...
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The pretty seaside town named one of best shopping destinations in the UK
A seaside resort in North Wales has been crowned the best shopping destination in Wales, according to the Vitality Rankings. The rankings, which consider factors such as retail quality, shopper demographics, and vacancy rates, have placed Prestatyn in Denbighshire at the top of the list for Wales. Despite many towns struggling in recent years, Prestatyn...
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Britain’s 12 best fish and chip shops named – full list
The best fish and chip shops in the UK have been officially named, and not all of them come from seaside towns, reviews have found. The country has long been the home of fish and chips – although it is suspected to have originally come from Spain and Portugal – a reputation that it has...