Land Securities' subsidiary Brand Empire has ended its agreement with Spanish retailer Grupo Cortefiel and closed the eight stores that were trading in the UK.

The deal was agreed in February 2010 and covered the Cortefiel, Springfield and Women's Secret brands. The stores were all in Land Securities' shopping centres.

Despite the closures, Cortefiel says it still plans to open stores in the UK.

"Cortefiel, Springfield and Women's Secret are already present in over 60 countries around the world, and opening stores in the UK is one of our obvious next steps," said Grupo Cortefiel chief executive Juan Carlos Escribano.

"Our group remains fully committed to expand in this market. This innovative arrangement with Brand Empire was a good opportunity to test the UK market while reducing some of the risks usually encountered when entering a new market.

"However brands in apparel have their own pace for the different markets and the difficult trading environment in the UK and beyond did not help to sustain the commitment from both sides so we have decided with Land Securities to exit the agreement."

Brand Empire invested in the store set-up and employees, while Grupo Cortefiel retained control of the product and brand marketing.

"Unfortunately we have been unable to establish the brands in the UK in what has been a challenging environment," said Richard Akers, Land Securities managing director for retail.