Capital Shopping Centres invests 25m pounds on online proposition and rebrand
Capital Shopping Centres Group has unveiled plans to invest 25m pounds in a rebrand and digital proposition.
Capital Shopping Centres Group has unveiled plans to invest 25m pounds in a rebrand and digital proposition.
Key initiatives of the endeavour include creating a single brand, called "intu", providing a national proposition for retailers and commercial partners and launching intu.co.uk, an eCommerce mobile-enabled website.
Of the £25m investment, some £7.0m is being spent on brand creation and roll-out, £8.0m on digital infrastructure and £10m on the acquisition and start-up phase of intu.co.uk.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The company anticipates that income will be driven for investors through the enhanced proposition to consumers.
Fischel: investment marks 'exciting next phase' for CMC GroupDavid Fischel, Chief Executive Officer of CMC, commented: "With over half the UK population visiting our shopping centres each year, we have the scale to seize the opportunities provided by the changes in the retail marketplace.
"We are investing £25m in digital infrastructure, an eCommerce website and a new brand. We very much look forward to implementing the initiatives announced today, which mark an exciting next phase in the evolution of our market-leading UK shopping centre business, to the benefit of customers, retailers, staff and investors."
MF
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
How to pay in a cheque
Receiving or writing a cheque has become much less common in recent years as instant bank transfers have grown in popularity. Amid widespread bank branch closures, we explain what to do if you get a cheque, and how you can pay one into your bank account.
-
Crypto assets of seven million UK investors at risk – how to keep yours safe
Cryptocurrency wallet rules make it hard to track down assets after someone has died, even if they leave a will saying who they would like to inherit them