January 2022

The Czech retail market and physical retail segment remain attractive for retail brands, as the arrival of 38 new international brands last year confirms: this is the highest number in the last three years.

The Austrian furniture group XXXLutz continues its European shopping spree Europe and takes over the Swiss discount furniture chain Lipo with more than 600 employees from its competitor Steinhoff. The acquisition includes all of the chain’s 23 furniture stores in Switzerland. Lutz announced on Monday that it had agreed not to disclose the sales price. The deal is subject to approval by the relevant antitrust authorities.

After months of speculation in London about who would acquire the iconic Oxford Street department store, the deal is now sealed: Thailand’s Central Group and Austrian investor René Benko’s real estate group Signa Holdings have bought Selfridges Group for around four billion pounds. Central and Signa will each acquire 50 percent of the luxury department store group.

Individual areas of the Leine-Center in the south of Hanover are being structurally redesigned and renovated. At the same time, ALDI Nord will be moving in as a new anchor tenant, occupying 1,600 sq m.