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Bond Street s Luxury Shuffle | BoF Professional, News & Analysis

Bond Street s Luxury Shuffle | BoF Professional, News & Analysis
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Suitors Circling Selfridges Test Future of Post-Pandemic Retail

(Bloomberg) More than a year into the pandemic that’s dramatically changed consumer habits, one of the most prized retail assets in the U.K. is potentially coming up for sale, testing the appetite for physical outlets in an era of online shopping.Selfridges & Co. Ltd., the luxury emporium best known for its giant department store on London’s Oxford Street, may be on the block with a 4 billion pound ($5.64 billion) price tag following an unsolicited approach, according to people familiar with

Cities the ticket for duty-free stores

Cities the ticket for duty-free stores 09:00 | 28/01/2021 Vietnam’s duty-free retail is emerging as a new attractive investment channel for both local and foreign investors as they ramp up efforts to capitalise on domestic consumption and tourism. Duty-free shops are traditionally found at airports, but downtown chains are now considered a prime option that can offer more enticing products Last December, South Korean powerhouse Lotte Duty Free inked a deal with Vietnamese Imex Pan Pacific Group (IPPG) to run a downtown duty-free store in Hanoi. Covering an area of around 1,600 square metres, the new store is located on the sixth floor of the Trang Tien Plaza, which is slated to open at the end of the year.

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