Billed as one of the biggest commercial property deals in recent years, two designer outlet malls in England have been sold for £600m. Cheshire Oaks and Swindon Designer Outlet have been bought by LaSalle.
Stuart Rose has been appointed chairman of UK supermarket giant Asda as of next month. The UK retail veteran, who stepped down as chair of Ocado earlier this year, will lead the board’s search for a new chief executive.
Marks and Spencer told the UK government that European Union proposals on Northern Ireland's post-Brexit trade rules would increase the administrative burden on imported goods, the Financial Times reported.
Happy Hammerson. The property giant has found a key replacement to fill the empty anchor space at its giant Bullring mall in Birmingham after Debenhams closed in May. Marks & Spencer is to take the key position.