Brexit is close but London is the top springboard into Europe for retailers, new figures from property consultancy CBRE have shown. But Hong Kong is global leader while Dubai and Doha show the Middle East remains key.
Fashion had a better week at John Lewis in the seven days to May 20 after the previous week’s dip as overall sales at the retail chain and its website rose just 1.1% to £76.3m but fashion sales rose 4.9%.
Pre-tax profit may have fallen at UK property firm Shaftesbury in the six months to March 31 but net profit rose 28% and it said its retail tenants saw strong sales as tourist spending helped central London “flourish”.
Style Group Brands is urgently seeking backers as its risks an administration filing. The company, formed from the merger of Jacques Vert and Irisa, owns classic womenswear brands including Dash, Eastex and Precis.
Lacoste has named Novak Djokovic its new brand ambassador with the tennis star to wear the label on and off the court. The brand has created a Djokovic line and ad campaign starring him alongside the brand's founder.
Italy sought to boost revenue from internet and e-commerce companies on Monday by offering them the chance to agree on their future tax bills, such as Amazon, which Italy says owes 130 million euros in unpaid tax.