Fenwick family seeks buyer for Bond Street store
The Fenwick family is putting its £500 million department store in London’s Bond Street up for sale.
According to The Sunday Times, the shop is being marketed as a redevelopment opportunity by the retailer’s former chairman Mark Fenwick.
Potential buyers are understood to include luxury group LVMH and Sir Stuart Lipton, the developer behind the City’s Broadgate.
The Sunday Times said sources told it that the Fenwick family would also like to keep trading on the site. It currently has planning permission for four floors of office space on the upper floors of the 131 year-old building.
It also reported that the entire Fenwick chain was set to be sold to Central Group prior to the onset of Covid-19, but this was derailed by the impact of the pandemic.
Central Group teamed up with Signa Holding to acquire Selfridges in a joint venture late last year.