How has Liberty written a department store success story?
Liberty has had its controlling stake owned by BlueGem sold for £300m – a significant mark up from its £32m acquisition of the business in 2010. Retail Week looks at what has made the luxury department store a success story and how it continues to brace itself against the backdrop of retail uncertainty.
While House of Fraser and Debenhams struggle to keep afloat, British heritage store Liberty London has defied department store doom and gloom. The retailer’s parent company BlueGem has sold its 40% stake in the business to private equity consortium Glendower Capital in a deal valuing the business at £300m.
The iconic retailer’s one-off 80,000 sq ft, six-floor, Tudor-style Great Marlborough Street store is the driving force behind its success.
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