Next has snapped up five stores across Hammerson’s estate which Debenhams is exiting for the launch of a new beauty store concept.
The fashion retailer has signed flexible leases the Hammerson to take over the sites from Debenhams.
The department store retailer agreed to exit its stores across Hammerson’s portfolio yesterday, as revealed by Retail Week. The move will see Debenhams exit five stores at Birmingham’s Bullring, Croydon’s Centrale, Silverburn in Glasgow, High Cross in Leicester and Reading’s Oracle at the cost of 1,400 jobs.
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