The Inditex fashion company includes retailers Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and Uterqüe. Blackstone put the Adelphi up for sale in April after completing full occupancy of the property in July 2017, when Japanese cosmetics company Shiseido Group took the remaining space.
Music-streaming service Spotify, publisher Condé Nast, financial magazine The Economist and public relations company Finsbury are also tenants.
Ortega is the preferred bidder for the 300,000 sq ft office building in Covent Garden. The building is currently owned by Blackstone, America’s largest private equity firm, which bought it in 2016 for £260m.
Weeks after losing out on another prominent building in the capital, Spanish billionaire and founder of Inditex Amancio Ortega is set to buy the Adelphi building in central London for around £600m.
The North Face has introduced a new sustainable collection that focuses on everyday essentials designed for use beyond outdoor settings.
Egypt’s textile industry is undergoing one of the most important expansions in its modern industrial history.
Bangladesh’s ready-made garment (RMG) industry has reached a milestone in its sustainability journey by securing 38 new LEED-certified green factories…
Tokyo-based Teijin Frontier has developed a new multi-functional textile for sports and outdoor clothing that offers improved comfort and cooling…
In a major step towards reviving Telangana’s handloom traditions and environmentally responsible fashion, BRS Working President launched Singidi Collective.
The latest Mini models make wide use of recycled knitted fabrics in their interiors, combining simplicity, sustainability, and modern aesthetics.