Upmarket department store chain Fenwick has provided its family owners with a £4.8m dividend despite a fall in profits and sales.
The company’s sales fell 2% to £358m in the year to January 2015, and profits dropped from £31m to £26.8m.
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The portfolio comprises a total of 227 bedrooms
CBRE’s Sarah Livingston has heralded the move as a ‘landmark deal for the sector’
Investment will see the retailer open 10 new stores in 2025
Barings’ £169m sale adds momentum to a recent trend of Japanese investment
