Retail Week Property

Tesco has hit back at claims that it allowed a town centre to become derelict to give it a stronger case for securing approval for a development of its own.

Menswear retailer Hugo Boss is gunning to open up to 14 new shops in the UK and Ireland by next year as it expects 2010 to be its most successful year to date.

Tesco is facing further accusations that it is using its financial clout to win approval for new stores.

Tesco bought a town centre through a front company and allowed it to become derelict as it tried to secure a regeneration deal, a report in today’s Times claims.

Furniture retailer Dwell has secured £5m in private equity investment from Key Capital Partners to aid expansion plans.