Intu news and archive

House of Fraser sales drop 60 percent in run up to Christmas

Struggling UK retailer House of Fraser has suffered a difficult Christmas trading period, with sales dropping year-on-year in the 12 weeks up to December 18, according to Kantar Worldpanel figures reported by the Telegraph. In August, Sports Direct owner Mike Ashley bought House of Fraser for 90 million pounds when the company went into...

Report

Consortium including Peel Group mulling takeover bid for Intu

Billionaire owner of Peel Group, John Whittaker, is looking at striking a deal to acquire Intu Properties in a bid to take it private, reports The Times. The move comes after Intu’s owner failed to reach a proposed 3.4 billion pounds merger deal with Hammerson. Peel Group confirmed to The Times that it had formed a consortium for a potential bid...

Report|UPDATE

Hammerson places Intu takeover on hold as Klépierre position remains 'unclear'

London - Hammerson, one of Britain's leading shopping center owners, has delayed its acquisition of smaller British rival Intu, as its current position with European property giant Klépierre remains 'unclear.' In a trading update released on Thursday, Hammerson stated it did not intend to finalize shareholder documents related to its proposed...

Management

Hammerson to acquire Intu in 3.4 billion pound deal

London - British shopping center owner Hammerson is set to take over rival Intu Properties in a 3.4 billion pound deal, which would see leading shopping centers including London’s Brent Cross, the Birmingham Bullring and Manchester’s Trafford Centre owned by a single company. Hammerson, which currently owns Brent Cross and the Bullring together...