Fenwick sells Bond Street store to fund return to profitable growth

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Department store group Fenwick is to leave central London after selling its Bond Street branch to provide the fresh capital investment needed to restore profitable growth.

Fenwick expects to trade from the store, which is being sold for an undisclosed sum thought to be in excess of £400m to Lazari Investments, until 2024, after which the property will become a mixed-use development.

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