Fenwick family lists flagship Bond Street store on the market for £500 million
The Fenwick family has reportedly put its flagship Bond Street department store on the market for £500 million.
According to The Times, Fenwick's former chairman Mark Fenwick is marketing the Bond Street store, located on London's most prestigious shopping street, as a redevelopment opportunity.
Interested parties are understood to include veteran property developer Sir Stuart Lipton, the developer behind Broadgate in the City and the luxury conglomerate LVMH, which acquired and refurbished the Paris department store La Samaritaine.
The Fenwick family were on the brink of selling the entire business to the Thai conglomerate Central Group in 2020, before the pandemic crushed the deal. In December, Central and Signa Holding entered into a definitive agreement to acquire Selfridges in a £4 billion deal.
Founded in 1882, Fenwick operates stores in Newcastle, London’s Bond Street, Bracknell, Brent Cross, Canterbury, Colchester, Kingston upon Thames (Bentalls), Tunbridge Wells and York.
Last year, the department store appointed ex-Lovefilm and Mothercare CEO Simon Calver as Chairman, hoping to drive the luxury chain's digital business.