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Fortnum & Mason to join line-up at The Royal Exchange

Luxury department store Fortnum & Mason is to take retail and dining space at The Royal Exchange in London later this year. Owned by Oxford Properties,… View Article

DEPARTMENT STORES

Fortnum & Mason to join line-up at The Royal Exchange

Luxury department store Fortnum & Mason is to take retail and dining space at The Royal Exchange in London later this year.

Owned by Oxford Properties, The Royal Exchange is a luxury destination in the heart of the City offering a collection of boutique shopping and dining outlets.

From October, Fortnum & Mason will occupy two prominent positions at The Royal Exchange with 2,368 square feet of retail space carrying an edit of products from Fortnum’s flagship Piccadilly store. This will include a range of its most popular teas, preserves and hampers alongside features such as a confectionary counter and a fresh produce offer. The retailer will also offer a dining and bar area with up to 90 covers.

Ewan Venters, chief executive at Fortnum & Mason, said: “Our arrival at The Royal Exchange brings together two iconic London institutions with a shared history in trade and commerce, and a shared passion in architectural heritage. We are driven to creating a world-class destination that brings the luxury and global charm of Fortnum’s, to the prestigious environment of The Royal Exchange.”

Purchased in 2013, The Royal Exchange was Oxford Properties’ first retail acquisition in the UK and is a key component of the company’s portfolio expansion strategy. Situated directly opposite The Bank of England, the former prime City trading floor now comprises 51,400 square feet of retail space that is home to over 30 retail boutiques set around a central courtyard. Luxury occupiers include Hermès, Smythson, Watches of Switzerland, Boodles and Tiffany & Co.

Deborah Green, director of asset management at Oxford Properties, said: “The opening of Fortnum & Mason will be a memorable moment in The Royal Exchange’s storied history and will further enhance its collection of luxury shopping boutiques and dining.”

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