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.
Make-up brand Iconic London has been acquired by Blue Gem Capital’s growing beauty division. The three-year-old brand joins an overall style-focused portfolio that includes Liberty London, Jack Wills and Mamas & Papas.
The new owner of Belstaff has been named Britain’s richest man in the latest Sunday Times Rich List. Self-made businessman Jim Ratcliffe is chairman/CEO of chemicals company Ineos, which acquired Belstaff last autumn.
Luxury brands at London’s St Pancras International enjoyed a bumper Christmas season, with like-for-like sales up 10.1% over the period, compared with the 0.6% growth reported by the wider retail sector.
St Pancras International has launched an online smart tool providing tailored gift ideas from the retailers that have a presence at the station, as new research reveals that 41 million gifts go unwanted each year.