Shaftesbury news and archive

Andrew Price to step down from Shaftesbury Capital

Property company Shaftesbury Capital, which owns retail properties in Covent Garden, Carnaby, Soho and Chinatown in London, has announced that executive director Andrew Price will step down from his role at the end of the year to “pursue other opportunities”. Price joined Shaftesbury Capital in 2001 and has undertaken several significant...

Retail

Autry opens debut UK store in London

Contemporary unisex sneaker brand Autry, owned by Italian private equity group Style Capital, has opened its first store in the UK. Located at 61-63 Beak Street in Soho, London, Autry has opened a 2,600 square foot store with an immersive design that celebrates the brand's American aesthetics and sport heritage with an Italian twist. Roberta...

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Business

Shaftesbury Capital sells stake of Covent Garden to Norwegian sovereign

Landlord Shaftesbury Capital has agreed to sell a 25 percent non-controlling interest in London shopping estate Covent Garden to Norges Bank Investment Management (NBIM), the Norwegian sovereign wealth fund. The transaction is valued at 2.7 billion pounds, aligning with an independent valuation dated December 31, 2024, with gross cash proceeds...

Retail

Dolce&Gabbana opens first store dedicated to beauty and accessories in London

Italian fashion brand Dolce&Gabbana has unveiled its first-ever store dedicated to beauty and accessories in London’s Covent Garden shopping district. The shop, located in the area’s Market Building, offers a selection of cosmetics and signature fragrance collections, as well as a make-up consultation service. These sit alongside a curation of...

Retail

Peak Performance to open first UK store in London

Scandinavian outdoor brand Peak Performance, owned by Amer Sports, has confirmed it will open its first-ever store in the UK later this year as part of its global expansion plans. Peak Performance has selected Covent Garden in London for its debut UK store, following in the footsteps of its sister brand, Canadian high-performance outdoorwear...

Retail

Alo Yoga continues UK expansion

Californian-born premium athleisure brand Alo Yoga is continuing its UK expansion with a new store set to open later this year in Seven Dials in London. The 5,000 square foot store on the junction of Neal Street and Earlham Street, a key gateway to Covent Garden’s Seven Dials neighbourhood, will mark the brand’s second store in the UK, adding to...

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People

Shaftesbury announces board changes

Shaftesbury Capital has announced a number of changes to the composition of its board. The company said in a statement that following the announcement of the departure of the chief operating officer on December 22, 2023, non-executive directors Anthony Steains, Jennelle Tilling and Helena Coles will step down from the board with effect from 31...

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Business

Shaftesbury Capital hails ‘positive’ West End trading as tourists return

British property giant Shaftesbury Capital announced Thursday that its West End locations have experienced a “positive” first half of the year as international visitors flocked back to stores. The landlord, which was hit hard in recent years by lockdowns and low footfall, said customer sales across its portfolio are 15 percent ahead of...

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Business

UK landlords Shaftesbury and Capco complete merger

West End London landlords Shaftesbury and Capital & Counties, known as Capco, have completed an all-share merger to form a new combined property group called Shaftesbury Capital. The new group has a portfolio valued at 4.9 billion pounds, with 2.9 million square feet of lettable space located in some of the most iconic parts of London’s West...

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Retail

Shaftesbury partners with Good On You to help guide sustainable practices

Real estate firm Shaftesbury has announced a new partnership with Good On You, a sustainability ratings company, to help guide it in driving sustainable practices and selecting more sustainable brands. The landlord, which operates various retail destinations across London’s West End, said that through the partnership it will provide information...

Retail

Stetson to open debut UK flagship store

Heritage hat brand Stetson is opening its first UK flagship store in Seven Dials, Covent Garden in London in mid-February. Located at 58 Neal Street, the new store will span 1,165 square feet and will include an eclectic range of the brand’s signature styles, from its authentic Western wear to country-style outdoor fashion, timeless classics and...

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Business

Shaftesbury hails ‘rapid rebound’ in West End economy

London’s iconic West End has enjoyed a “strong recovery” in footfall and spending following the end of lockdowns as deep-pocketed shoppers flocked back to physical stores. Shaftesbury, the property giant that owns a 16.4-acre portfolio in the popular luxury shopping hub, said average monthly sales for its retailers are now 6 percent ahead of...