Specialist retail and leisure agencies MMX Retail and Fawcett Mead have merged to form a full range retail, leisure F&B and urban property advisory practice called FMX Urban Property Advisers (FMX).
Both businesses were founded in 2010 to deliver ‘responsive and senior consultancy to the retail market’. In the near term the agencies will merge their two London offices, with operations in Bristol and via consultancy support in Yorkshire remaining in place to enable the new business to provide national support to clients.
David Justice, partner at FMX, said: “This merger is a perfect example of the product being greater than the sum of its parts. Our longstanding association with the team at Fawcett Mead and the natural likeness of our business culture, values and client delivery approach has made for a very comfortable coming together of like minds that will ultimately result in the delivery of a greater level of expertise and opportunity for our combined client base.
“The retail and leisure market has changed beyond recognition over recent years, but ultimately the value of our experience and the connections we bring to the table, as a collective firm, is significant. Both firms benefit from being agile and in a position to respond to the seismic changes of recent times.
“Fawcett Mead and MMX Retail proudly cite loyal client relationships and deep knowledge of the sector as key ingredients in the success of their businesses; that bedrock for future growth has only become stronger as a result this collaboration.”
Graham Fawcett, partner at FMX, added: “The retail market remains challenging, but this presents a great opportunity for well advised investors. Now more than ever, investments need to be made with the benefit of live market context and experience. The combined skill set and knowledge base of the two businesses we have shaped, which draw upon our history working for big name agency practices earlier in our careers, allows us to deliver that experience honestly and always in the interests of those we represent.
“We have worked side by side on a number of instructions over the years and it is this mutual understanding that initiated the talks of a merger. We have always had the utmost professional respect for the MMX team. They have a longstanding reputation as the best in class in their field and this fit allows the new, wider team to provide unrivalled advice across the sector. Our shared ambition, cultural fit and passion for client service makes this a very exciting time.”
