Stanfords may have to map out new home for flagship

Stanfords may have to map out new home for flagship

Bookshops are finding it harder to justify spots in prime retail locations, business chiefs have warned, as rising rents and business rates continue to be a scourge of the high street.

The caution follows the news that Stanfords’ flagship may be forced from its home on Long Acre in Covent Garden, central London, after 115 years, with a lease review deadline by landlord Picton Capital due in September. The hike in the price of the lease means the shop’s running costs, including business rates and bills, will have increased by 60% in five years, the firm’s former m.d. Tony Maher said earlier...

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