Money: Vans signs lease for former Miss Selfridge store in Oxford Street - PressFrom - United Kingdom
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MoneyVans signs lease for former Miss Selfridge store in Oxford Street

05:35  12 july  2019
05:35  12 july  2019 Source:   msn.com

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Vans , famous for its chequerboard slip - on shoes, will open the new branch at the former Miss Selfridge site before the end of the year. Simon Charlesworth, brand marketing director at Vans EMEA, said: “The Vans store on Oxford Street will be one of our largest stores globally.

Vans signs lease for former Miss Selfridge store in Oxford Street © Anthony Devlin The Oxford Street branch is one of a clutch of Miss Selfridge stores closing under Arcadia’s restructuring plans (Anthony Devlin/PA)

Skater shoe brand Vans is to take over the central London shop which was previously occupied by Miss Selfridge, one of Sir Philip Green’s fashion brands.

Sir Philip’s Arcadia fashion empire secured approval last month for a raft of 23 store closures and rent cuts as part of a Company Voluntary Arrangement (CVA).

Separate from the main CVA were plans to shut an additional 25 Miss Selfridge and Evans stores.

Miss Selfridge’s flagship Oxford Street location was one of those affected, with the outlet moving into the neighbouring Topshop.

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Vans signs lease for former Miss Selfridge store in Oxford Street A logo is pictured on a sign outside a Miss Selfridge store, operated by Arcadia, in London on June 12, 2019. - Landlords and other creditors were on Wednesday set to vote on revised proposals to billionaire Philip Green's Arcadia retail empire, which includes the high-street brands Topshop, Miss Selfridge, Burton, Dorothy Perkins, Evans and Wallis. (Photo by ISABEL INFANTES / AFP) (Photo credit should read ISABEL INFANTES/AFP/Getty Images)

Vans, which is known for its rubber-soled shoes designed for skateboarding, hopes to move into the building before the busy Christmas period kicks off.

The store will be one of the brand’s largest locations in the world, and will have one of the biggest ranges of stock in Europe.

Arcadia, which was advised by Savills, remains the landlord of the building.

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Vans signs lease for former Miss Selfridge store in Oxford Street © 2018 John Keeble LONDON, ENGLAND - JUNE 11: Shoppers walk past a Miss Selfridge fashion retail shop entrance on Oxford Street on June 11, 2018 in London, England. (photo by John Keeble/Getty Images)

Vans owner VF Axtell was advised by CBRE.

It is one of the first in what is likely to be a string of new tenants moving into former Arcadia premises in the coming months.

Vans signs lease for former Miss Selfridge store in Oxford Street © Thomson Reuters Signage can be seen outside a Miss Selfridge store, owned by Arcadia Group, in central London, Britain June 5, 2019. REUTERS/Henry Nicholls

Speaking to PA at the time of the contentious CVA, an Arcadia landlord said the units occupied by its brands were easier to fill than larger sites such as the former BHS stores, many of which remain empty three years on from the chain’s collapse.

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