8 February 2022
The Weekly

The Fenwick family is reportedly seeking to sell its Bond Street flagship store for redevelopment. The Bond Street store has permission for four floors of offices above the 131-year-old building. The store covers a huge site on the corner of New Bond Street, not far from Oxford and Regent Streets. Fenwick’s HQ and national flagship is in Newcastle, where the group was founded back in 1882. But the Bond Street site is its most prestigious location where, pre-pandemic, it was able to reach the lucrative international tourists who flocked to the street. Its only other London store is a suburban one in the Brent Cross mall. Redevelopment would certainly be interesting as space for department store retailing has dwindled in the West End recently. John Lewis is already getting permission to re-develop its upper floors on Oxford Street into offices and M&S has development plans for its Marble Arch branch. Oxford Street has lost the House of Fraser and Debenhams department stores. And around the corner in Regent Street, Liberty downsized several years ago.