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Business News Retail
BM Soho store closes after landlord dispute
By Chris Cooke | Published on Tuesday 3 March 2015
London-based record store BM Soho has temporarily closed because of a dispute with its landlords who, the retailer seems to imply, is keen to boost their rent income by capitalising on the “massive gentrification of Soho”.
The owners of the shop posted a statement on Facebook at the end of last week following chatter online that the store, which stocked vinyl on one floor and DJ kit on another, seemed to have closed down.
They wrote: “Unfortunately due to contractual dispute over the building that has been home of BM Soho for the past 25 years we have been forced to temporarily close. Our landlord has been certain that our address will join the massive gentrification of Soho and regrettably we could no longer afford to fight the legal battle to stop that happening anymore”.
They went on: “Unlike many businesses that have closed recently, BM Soho BeatControl was performing well, so it is a massive shame to end this way. Fear not though, we plan to be back bigger and stronger than ever very soon in central London”.
The company already has a second store in Edgware where it sells music production and DJ equipment which is unaffected, and the firm will continue to sell vinyl online in the interim at bm-soho.com.
