Tax-free shopping specialist Global Blue is opening its first VIP Globe Shopper Lounge on Albemarle Street in Mayfair, underlining the importance of London's West End to the luxury industry and the tourist sector.
Hugo Boss has opened the first Hugo standalone store in the UK with a debut at Westfield London, which, since its recent £600m extension opened this spring, has taken over from Bluewater as Europe's biggest mall.
The remoulding of London's Seven Dials area is continuing with its dominant landlord, Shaftesbury, announcing another new tenant as NYC-based lifestyle brand Away, opens its first permanent international store.
Selfridges has been busy this month upping its luxury credentials at its key department store in Birmingham, and also unveiling the last phase of its accessories project in its London store with a new eyewear space.
Fears of e-commerce taking off in Brazil have sunk shares of the country’s big mall operators this year, but industry executives expressed confidence that local shopping habits will help them avoid a shakeout.
House of Fraser is to get a new owner after calling in administrators Friday. A fast deal to buy a slimmed-down version of the chain had been on the cards with news Friday that retail tycoon Mike Ashley is now in charge.
India’s antitrust regulator on Wednesday approved U.S. retail giant Walmart Inc’s $16 billion acquisition of Indian ecommerce firm Flipkart, beefing up the competition for rival Amazon.com Inc in the fast growing market.