Bond Street moves into third for world’s most expensive retail spot Retail Bond Street has leaped-frogged Tsim Sha Tsui in Hong Kong to take bronze in a list of the world’s most exclusive retail streets. The shift bucks bucks fears about the decline of brick-and-mortar retail on the high-street and the so-called tourist tax, which has faced campaigners’ calls for scrappage. The average rent on Bond Street [...]
Has London’s commercial property market finally recovered from the pandemic? Property High-quality office space in London has “continued and sustained appeal” in London, with property take-up finally exceeding pre-pandemic levels, while retail vacancy rates have similarly dipped to their lowest level since 2019. Cushman & Wakefield and Savills have both reported that the central London property market has begun to stabilise, while British property investment trust [...]
Landsec returns to profit as London property market stabilises Property British property investment trust Land Securities, known as Landsec, swung back into profit and hiked its forecast for the year today after a rebound in occupancy and rental income in London. Landsec told markets this morning that it had returned to the black in the first half of the year, reporting profit after tax of £243m [...]
Mulberry founder suggests LVMH could be the right buyer for the brand October 7, 2024 Mulberry founder Roger Saul has suggested that French luxury behemoth LVMH could be the right company to step in and aid the struggling brand after it rejected an offer from Mike Ashley’s Frasers group last week. Saul, who launched the brand in the 70s before leaving in 2002, told This Is Money that Mulberry was [...]
Poundland owner Pepco brings in Vision Express boss as new chief amid ‘challenging’ environment April 11, 2024 Pepco Group, the owner of the Poundland brand in the UK, has appointed a new chief executive.
Are LVMH, Nestle, L’Oreal and Hermes Europe’s alternative to Microsoft, Apple, Nvidia and Tesla? April 9, 2024 Much has been made of the 'Magnificent Seven' tech stocks - Meta, Apple, Amazon. Alphabet, Microsoft, Nvidia and Tesla - which have dominated the US market amid a boom in demand for AI and, until recently, more optimism over potential interest rate cuts.
World’s richest people revealed as top 20 add $700bn to their wealth April 2, 2024 The world's 20 richest people have added around $700bn to their combined wealth over the last year, according to Forbes latest rich list.
Smile Makers: Changing the face of the female sexual wellness industry February 14, 2024 Smile Makers is on a mission to shake up conservative views on women’s sexual wellness, by making it more inclusive.
London’s tourist tax: Struggling luxury brands LVMH, Mulberry and Burberry have other problems, too January 17, 2024 Mulberry has fallen out of fashion with investors as shares slumped over four per cent this morning, with the luxury retailers expressing growing concerns about flattening sales and the tourist tax. The British fashion house, best known for its leather handbags, has had around £3bn wiped off its market value in the last five months [...]
THG to acquire Biossance as it bulks up on beauty business December 5, 2023 E-commerce firm THG has today announced it has acquired prestige skincare brand Biossance for $20m as its builds out its beauty business.