×
435
Fashion Jobs
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Cutting Manager/Production Head - Garments Industry
Permanent · Bhiwandi
KALPA ELECTRIKAL PVT. LTD
Hiring For Production in Charge/ Manager (8-15 Yrs Exp)
Permanent · Bengaluru
TARGET PUBLICATIONS
Regional Sales Manager
Permanent · Mumbai
THE BANYAN HR CONSULTS
Head HR For Garments Manufacturing Company at Chengalpattu, Tamil Nadu
Permanent · Chennai
IUMENTAS LIFE SCIENCE
Veterinary Sales Manager For The State of Assam
Permanent · Guwahati
HINDCO RECRUITMENT CONSULTANTS
Production Manager| Leading Plastic Manufacturing Company| Umbergaon
Permanent · Navsari
HINDCO RECRUITMENT CONSULTANTS
Production Manager| Leading Polythread Manufacturing Company| Ranchi
Permanent · Ranchi
ENGGSERVICES2INDIA
Production Quality Manager - Immediate Requirement
Permanent · Bengaluru
DIASORIN HEALTHCARE INDIA PRIVATE LIMITED
Area Sales Manager
Permanent · Hyderabad
METROPOLIS HEALTHCARE
Territory Sales Manager @ Mumbai
Permanent · Mumbai
GTROPY SYSTEMS PRIVATE LIMITED
Direct Sales Manager - Faridabad
Permanent · Faridabad
METROPOLIS HEALTHCARE
Territory Sales Manager @Amravati/Nagpur/Aurangabad
Permanent · Nagpur
AAVAS FINANCIERS LIMITED
Area Sales Manager | Home Loan | Delhi
Permanent · Pune
RAJ RAJESHWARI SPICE FOODS LTD.
Area Sales Manager/Senior Sales Officer Required
Permanent · Bareilly
PARK RETAIL MARKETING PVT LTD
Job Opening For Area Sales Manager
Permanent · Pune
ALUDECOR LAMINATION PVT LTD
Area Sales Manager
Permanent · Rohtak
INFEXN LABORATORIES PRIVATE LIMITED
Area Sales Manager - Diagnostic / Healthcare
Permanent · Pune
ALUDECOR LAMINATION PVT LTD
Area Sales Manager
Permanent · Vijayawada
RELIABLE CLOTHING PVT. LTD
Opening For Business Head (Garment Export)
Permanent · Mumbai
ALUDECOR LAMINATION PVT LTD
Area Sales Manager
Permanent · Hyderabad
ALUDECOR LAMINATION PVT LTD
Area Sales Manager
Permanent · Kochi
RISHABH IMPEX
Area Sales Manager
Permanent · Northeast India
By
AFP
Published
Oct 30, 2008
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Mammoth shopping complex opens in London amid credit crunch

By
AFP
Published
Oct 30, 2008

LONDON, Oct 30, 2008 (AFP) - An enormous shopping complex billed as the biggest in-town retail centre in Europe opened its doors in London on Thursday, October 30rd even as shoppers here struggle with the credit crunch and a slumping economy.

Westfield London, a 1.7-billion-pound (2.8-billion-dollar, 2.1-billion-euro) mall which took five years to build, covers an area the size of some 30 football pitches, and is situated in a redeveloped section of west London.

Though Australian-owned Westfield is confident the mall will be a success, the economic environment is mostly grim -- Britain's economy contracted in the last quarter, and Prime Minister Gordon Brown and the head of the country's central bank have acknowledged the country is headed for recession.

"Clearly things are tougher, and it will be more difficult than it has been for the last couple years, but I'm optimistic for the longer term," said Stuart Rose, chief executive of clothing-to-food retailer Marks & Spencer's.

"I'm optimistic for this centre, which I think is fabulous. If we make a date to come back here in two years time, I think it will be a success," he told Sky News television.

The complex will house 265 up-scale stores, and hopes its inclusion of about 50 restaurants and a cinema in the 1.6-million-square-feet (nearly 150,000-square-metre) mall will help it weather the downturn.

Westfield is spending money on attracting the more discerning -- and wealthy -- shoppers, with a section of the centre dedicated to luxury brands such as Tiffany's and Louis Vuitton and 70 concierge and valet staff.

It has also invested 170 million pounds in public transport, upgrading two local subway stations, as well as access roads and social housing.

Westfield hopes to attract 20 million visitors in the first year, based on its first shopping centre in Britain, in Derby, central England, which got 25 million people through the door in the first 12 months.

If the complex succeeds, it could be at the expense of London's other commercial hubs including Oxford Street in the city centre, the largest retail corridor in Europe, or west London's Kensington High Street.

And it will not be Westfield's last British venture -- the group intends to open another retail complex in Bradford, northern England, in 2010, and another near the site of the Olympic Games in Stratford, east London, for 2012.

Copyright © 2021 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.