Ikea buys former Topshop Oxford Street store in £378m deal
The deal is a much-needed vote of confidence for central London, which has seen tourist footfall decimated by the pandemic.
Source: aol.co.uk
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The deal is a much-needed vote of confidence for central London, which has seen tourist footfall decimated by the pandemic.
While some hailed it as a shot in the arm for Britain's ailing high streets, others questioned the logic of a flat-pack furniture store in central London, without any space for car parking.
Swedish retailer will open an Oxford Circus store in 2023 as part of a drive to reduce reliance on big out-of-town outlets
The new Oxford Street Ikea hopes to open in autumn 2023.
Ikea buys former Topshop Oxford Street store in GBP378 million deal | Financial News