US-based mountain resort company Vail Resorts has announced widespread furloughs and salary reductions for its employees due to the impact of COVID-19 on its business.

London Mayor Sadiq Khan has approved plans to build £1.4bn Westfield shopping centre in Croydon, UK.

This follows the approval of Croydon Council’s planning committee granted in November last year.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The redevelopment of Croydon’s Whitgift shopping centre will be carried out by the Croydon Partnership. This is a joint venture between UK property developers Westfield and Hammerson.

The project includes the development of 967 new build-to-rent homes. Out of the new homes, 20% will be offered at below-market rent levels. The majority will be at the London Living Rent.

“As well as the creation of 7,000 jobs and 1,000 new homes, it will also attract many visitors to its brand new leisure facilities and public spaces.”

Sadiq Khan said: “This development will play a key role in unlocking the borough’s potential and is set to deliver huge economic benefits to residents and businesses in the borough.

“As well as the creation of 7,000 jobs and the delivery of almost 1,000 new homes, it will also attract many visitors to its brand new leisure facilities and public spaces. I’m confident the benefits of this scheme will be felt for generations to come.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The redevelopment will also include construction of more than 500,000m2 of new shops, restaurants and space for future student accommodation or a hotel.

Construction work on the shopping centre is due to begin in 2019.