Posted: 10 Jan, 2019
A fantastic way to start 2019!
Retail woes are here to stay but the money keeps on flowing.....
Standing room only at the TMA January 2019 event once again sponsored and hosted by GVA. The evening was opened with words by Peter Stevens (TMA UK President). The panel chaired by Ros Goode (GVA) comprised of Clare Kennedy (Alix Partners), Nick Taylor (Gordon Brothers), Russell Martin (Finance4Business) and Alan Ryall (GVA) delivered strong messages on their outlook for the year ahead. Retail was a key theme, the prognosis for the sector neatly encapsulated by the word ‘polarisation’. This applies to the already wounded high street as well as a strong emerging level of stress around shopping centres. Yes there are a considerable number of operators disappearing but this is the ‘dull, predictable, homogenous’ retailing that will not be missed and will be replaced by ‘fun, experiential, sustainable’ retailing fit for generation Z.
From the funding perspective much as we saw at the start of 2018 the flow of money continues at a pace with no signs of abating. The fundamentals of success remain where sound sponsor, asset and lender metrics are applied. Predictions of a rough ride ahead for elements of the challenger, fintech, P2P lenders where one or more of those metrics is missing.
Is there going to be a recession? a resounding yes from the panel but don’t try and pin anyone down on when....and as for Brexit....no comment!
On behalf of TMA UK and GVA
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