Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Wednesday, April 27 2022 - 10:00
AsiaNet
London's Iconic West End Presents Untapped Opportunities for Japanese Investors and Brands in the Retail Sector to Thrive and Grow
TOKYO, April 27, 2022 /PRNewswire-AsiaNet/ --

-Figures indicate that London is the most attractive city for international 
retail trade companies to expand to
-US and European brands are leading expansion into London, with data 
demonstrating significant untapped potential for the Asia region in London
-Turnover in the West End is expected to reach £11.4 billion in 2025, 
indicating strong returns for Asian retailers looking to scale overseas


New investment data from London & Partners, the business growth and destination 
agency for London, shows that London is the leading global city for 
international retail businesses. Over the past five years, London has attracted 
a total of 460 retail trade inward investment projects: significantly more than 
any other destination city, ahead of Paris (256), New York (249) and Singapore 
(188). London attracted more inward investments than any other global city 
between 2020 and 20211.

Global businesses are reaping the returns of investment in the market, with the 
majority coming from the US and European countries which take up the top 10 
source countries for expansion into London. Japan is the only Asian market to 
claim a spot among the top 10, ranking joint ninth with Denmark, demonstrating 
that Japanese brands have recognised the opportunities that London presents as 
an expansion city.

New data shows London has seen more retail trade inward investment over the 
past five years than Hong Kong, Tokyo and Seoul combined. London can offer 
substantial growth potential for Asian brands outside of the Asian market, 
especially those offering consumer concepts in food & beverage, retail, 
leisure, arts and entertainment, which contribute to the diverse consumer 
offerings in London.

London’s West End is a major draw for overseas consumer businesses, with the 
district attracting 200 million visitors a year and an annual spend of Pound 
Sterling 10 billion pre-pandemic. The area is home to over 250 flagship stores, 
with presence of well-known Asian brands including Uniqlo, Marugame Udon, and 
Samsung. There is now a unique window of opportunity for exciting 
consumer-facing businesses to be part of the West End’s future story, as highly 
coveted retail space has become uniquely available post-pandemic, in well-known 
districts including Oxford Street, Regent Street, Soho, and Piccadilly.

Home to the Embassy of Japan in the UK, the West End has strong cultural ties 
with Japan, from acclaimed fashion brands to unique dessert eateries. In 1991, 
MUJI chose London as its first international home; their flagship store now 
sits on Tottenham Court Road, with three additional West End locations. 
Japanese fashion brands are favouring the UK district for expansion, with 
Onitsuka Tiger opening its largest global store in the West End in 2021. Fast 
Retailing Co. has selected a prime corner location for Uniqlo and Theory brands 
to open this spring on Regent Street.

Satoshi Suga, Head of Marugame Udon Global Growth, TORIDOLL Holdings Corp, 
says: "The decision to bring the Marugame Udon brand to London has been 
excellent for us. Working with the UK and Europe team, the first two UK 
locations opened in 2021 - the first in mainland Europe serving as the starting 
point for the rollout across the continent. Since the London launch, we have 
rapidly expanded our presence across the city. It is clear that UK consumers 
have appetite for eating out and trying new international concepts. We're proud 
to bring udon to the people of London."

Laura Citron, CEO at London & Partners, adds: "This new data offers further 
proof that London is a world class consumer destination, offering a multitude 
of opportunities for international investors looking to expand outside of their 
home market. The easing of restrictions has led to growing demand from 
consumers to get out and explore the city, so there's never been a better time 
for Japanese brands to snap up highly sought-after retail spaces and increase 
their customer base."

The future looks bright for London's West End with growth expected to rocket to 
an annual turnover of Pound Sterling 11.4 billion by 2025, superseding 
pre-pandemic levels by 14 percent. Short term forecasts predict turnover in the 
district will reach Pound Sterling 8.6 billion this year and will recover to 
its historic annual figure of Pound Sterling 10 billion within the next two 
years. The West End is one of London's most visited areas, and footfall in the 
district is already at 84% of pre-pandemic levels. Development in the area will 
be given a further boost, with a Pound Sterling 5 billion capital investment 
planned over the next five years.

For Asian consumer brands considering expansion to London, a free of charge and 
confidential service is available from London & Partners, who can support in 
all areas of expansion and connect brands to West End property owners to help 
find retail space.

About London & Partners

London & Partners is the business growth and destination agency for London. Our 
mission is to create economic growth that is resilient, sustainable and 
inclusive. For more information, visit: www.londonandpartners.com

Data references

1. London & Partners analysis of data from fDi Markets data from the Financial 
Times Ltd, March 2022. Based on greenfield Foreign Direct Investment (FDI) 
projects in the Retail Trade cluster (includes sectors including: textiles, 
F&B, consumer products and leisure & entertainment), between Jan 2016 to Dec 
2021.

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