02 Jun Advised by Time, Next plans Merry Hill megastore, to include Lipsy
Time Retail Partners has advised Next on the acquisition of one of their largest stores in the UK.
The Store at Intu Merry Hill is being created by redeveloping a former Sainsbuy’s Store and a Burger King restaurant. Next is to invest in the multimillion pound “state-of-the-art new store” that will comprise over 75,000 sqft
Importantly, the new store will include a Lipsy, the young fashion brand owned by Next, as well as the brand’s own women’s, men’s and kids’ fashion offer plus a full homewares offer and a coffee shop. The opening is scheduled for next spring.
A number of other brands have invested in new space at the shopping centre as its owner continues a £100m upgrade of the space. In the past year, JD Sports, Topshop and River Island have all increased the size of their stores.