|Shopping Channel to Move Head Office to Chiswick|
QVC will base its 600 staff at the Business Park in June 2012
Local MP Mary Macleod has welcomed the news that broadcast retail business QVC UK is to move its head office to Chiswick next year.
The shopping channel, with an annual turnover of nearly £400 million, is set to move 600 staff to the Chiswick Business Park in June 2012. The company currently employs over 2,000 people.
The Brentford and Isleworth MP held talks with QVC‘s Chief Executive Mr Dermot Boyd last week.
"With its excellent transport links and close proximity to central London, the local area is increasingly attracting interest from a broad range of innovative and growing companies looking to take advantage of what the area has to offer their business. I wish QVC every success and I look forward to catching their first broadcast from their new Chiswick home on June 7th 2012." she commented.
QVC is a multinational corporation specializing in televised home shopping. Founded in 1986 in the Us, it now broadcasts in five countries - the acronym stands for Quality, Value Convenience. It also sells online. QVC was launched in the UK in October 1993 when QVC, Inc. formed a deal with Sky TV to create a UK version of the US Channel. QVC UK moved into profit after five years of broadcasting. In 1998, it turned its first net profit (£12.5million) against a loss of £288,000 in 1997.
QVC UK also runs two outlet stores, one in Warrington, the other in Shrewsbury. It also has a a second channel in the UK dedicated to cosmetics,' QVC Beauty' and boasts that it is the UK's leading television shopping channel, broadcasting live 17 hours a day, 364 days a year. It also broadcasts in Germany Japan, and Italy.
A deal was concluded last year for the relocation of its head office to a purpose built 120,000 sq ft of office and studio space in Chiswick Business Park. The deal exchanged on 19 July 2010. The relocation was organised by Bond Pearce.
Once the agreement for QVC's lease was signed the building was sold on to Schroders Exempt Property Unit Trust (SEPUT) as landlord.
November 30, 2011