Henri Lloyd, Lacoste take over Liverpool One franchise

Fashion retailers Lacoste and Henri Lloyd are to take direct control of their stores on Paradise Street in Liverpool One after a franchisee closed their stores due to financial difficulties.

The two shops, which traded side by side from one space with two fronts, shut their doors last week and are currently being fitted with a dividing wall before reopening in the coming weeks.

Grosvenor has managed to hang on to many of its administration cases, with Zavvi, Faith and others continuing to trade despite closing other stores across the country.

The 160-store, £1bn scheme is around 90% let and has seen new openings this month from Tesco, Jigsaw and Caffe Nero. Flannels, Reiss and Cath Kidston will follow soon.

Jenefer Greenwood, retail strategist at Grosvenor, said new lettings would be announced soon despite the weak national market.

Furniture department store Redbrick Mill recently confirmed a deal to take a 40,000 sq ft store on Hanover Street and Wheels of Sport is taking a unit on Paradise Place, opposite John Lewis. An Everton FC store operated by Kitbag is opening two doors down from Liverpool FC's store, proving, Greenwood quipped, what a multicultural city it was.

Cushman & Wakefield, Strutt & Parker, and Tushingham Moore are letting agents for Grosvenor.

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