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.
The UK's Financial Reporting Council has fined accountants KPMG three million pounds and reprimanded and fined a senior partner for misconduct related to auditing of British fashion retailer Ted Baker's accounts.