Fenwick plans £40m multi-year investment for Newcastle flagship
Department store chain Fenwick has unveiled plans to invest £40 million in its Newcastle flagship over the course of the next five years.
Over the next 18 months, Fenwick will begin a complete renovation of the beauty hall and the fragrance and accessories departments on the ground floor.
Fenwick CEO John Edgar said: “As a business with deep roots in the Newcastle community, we are delighted to be making this major investment in the future of the city. This commitment will see us working closely with the local council to support the regeneration of the city and open up opportunities for new partnerships with the business community.”
The renovations began last year when Fenwick upgraded the facade of the building.
Fenwick will work closely with Newcastle City Council and Gateshead Initiative to support the regeneration of the city.
To mark its 140th anniversary, Fenwick has launched a series of fashion collaborations featuring exclusive pieces from brands such as Edeline Lee, Rixo, Paul Smith and Fred Perry.
It will host a live circus at the flagship and will also open a restaurant, Cafe 140, as well as an exhibition of items from the Fenwick archive.
Both the cafe and the exhibition will remain open for the rest of the year.