On Air Now
Stephen Mulhern and Emma Willis 9am - 12pm
8 April 2016, 14:34
Fashion retailer Forever 21 is to shut its flagship Scottish store where it employs more than 150 people.
The shop on Glasgow's Buchanan Street was opened three years ago but the Californian-based company has told staff it is closing the outlet in the city.
Retailer H&M has announced it will move into the property as it opens a new flagship store while it will retain its existing unit in nearby Buchanan Galleries to house one of its other brands.
Owners of the Buchanan Quarter building said there had been strong demand from parties interested in the 65,000sq ft space.
A spokesman for Land Securities said: "Immediately following the Forever 21 decision to exit, we received strong interest in the store on Buchanan Street and subsequently let the unit to H&M as a flagship.
"The strong demand for the space reinforces Glasgow city centre's position as the UK's top retail destination outside London.''
H&M country manager Carlos Duarte said: "We are delighted to be relocating to 185 Buchanan Street. This is a very exciting opportunity to expand our brand.
"The store will offer something for everyone, no matter your age, budget or personal style.''
Forever 21 have been contacted for comment.