Lakeland has announced it is shutting one of its branches in a move that customers have branded a “shame”. The retail is closing its Syon Park store in west London on June 6.
This comes after the news broke last month that Hilco Capital, the former Owner of Homebase and HMV, is poised to take over Lakeland.
The retailer had been searching for new funding in the tens of millions of pounds to navigate challenging economic conditions, including increased national insurance costs for employers.
It hired financial advisers earlier this year to explore its options. The family-run business was launched 61 years ago and is now spearheaded by the three sons of Founder Alan Rayner. The brothers selected advisory company Teneo to help them navigate a potential sale back in January 2025.
Months of discussions have followed with various potential buyers, including Modella Capital – which recently acquired WHSmith’s high street shops.
The closure in Syon Park comes after one of Lakeland’s other stores was relocated. The store in the Eastgate Shopping Centre, Inverness, was shut down and moved to the Simpsons Garden Centre in mid-March.
Lakeland did not give a reason for the move.
