Office pinpoints shopping centre stores for closure

The footwear retailer has this 7 days closed its keep at The Oracle procuring centre in Reading, which is owned by Hammerson.

Drapers understands an additional keep dependent in Intu-owned Lakeside procuring centre in Thurrock closed very last weekend.

In April, expert services firm Alvarez & Marsal (A&M) was employed by Office’s South African operator, retail team Truworths International, to run an accelerated sale course of action for the business.

Final calendar year Office appointed A&M to evaluate the company’s economic position and think about options for the business, including a probable firm voluntary arrangement (CVA).

Rather, it concluded a refinancing in September, and mentioned it would shut unwanted shops when their leases expired.


Workplace CEO Lorenzo Moretti resigned in November 2019, just before joining Dr Martens as its new president of EMEA.

Drapers has contacted Workplace and Intu Houses for comment.