Thursday 19 October 2017

Liberty may sell tudor-style flagship shop in London’s West End

The Liberty store in London's West End. Photo: Getty Images
The Liberty store in London's West End. Photo: Getty Images

Chris Bourke

UK luxury retailer Liberty Plc may sell its Tudor-style flagship store in London’s West End shopping district.

The company has been approached by potential buyers of the 125,000 square foot (11,613 square meter) building, Liberty said in a statement today.

The company said it would rent the store from its new owner following a sale.

Built in 1924 from the timbers of the ships HMS Impregnable and HMS Hindustan, the store was designed to give customers the feeling of walking around in their own home when they shop, according to Liberty’s website.

Liberty reported a net loss of £2.8m for the six months ended June 30, less than the year-earlier loss of £4.4m. The company is 68pc owned by London-based developer and property manager MWB Group Holdings.

“Over the past six months, Liberty has been examining and assessing a range of options and initiatives that would enable the company to build upon its success,” the retailer said.

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