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Leisure & Retail
<p>Jewellery shop Vashi - which has four London stores - has gone bust, according to reports</p>
Small Business

London jeweller Vashi goes bust

Vashi has four jewellery stores in London

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Business

Franco Manca owner Fulham Shore to be bought by Japanese firm Toridoll

The offer for the 11-year-old firm, named after restauranteur David Page’s father’s love of Fulham FC, represents a premium of approximately 34.8% from the share closing price yesterday

Business

TK Maxx takes on former Debenhams space at Westfield London

TK Maxx is set to open a large new store at the Westfield London shopping centre

Business

West End and Knightsbridge urge Government to ease Sunday trading laws

The two districts want shops to remain open until 8pm on Sundays

Business

Paperchase adds to London’s long list of empty shop spaces

What will happen to the Paperchase store estate? Joanna Hodgson looks at what next for upcoming gaps on the High Street

Business

Fashion brand Monique Lhuillier set to open first standalone UK store

Monique Lhuillier, which designs and sells ready-to-wear, accessories and bridal collections, is understood to be opening a store in London

Business

London in fashion with string of brands looking to open new shops

New figures from property consultants Savills show 21 international fashion and footwear firms opened debut London stores last year

Business

Oxford Street retailers to see 40% fall in business rates bill

A number of central London retailers could see a significant decrease in their business rates liability in the West End, according to new research

Business

Heineken cheers 20% sales rise as Birra Moretti fuels UK surge

Beer giant sold 25.69 billion litres of beer globally in 2022

Business

Paddy Power owner Flutter considers US listing

Flutter’s FanDuel brand has taken advantage of US states legalising sports betting

Business

Jewellery retailer Pandora’s full-year sales sparkle

Retailer Pandora said current trading in 2023 has been solid

Business

London ranked among the top cities globally for leisure operators

New York, Seoul and London are ranked as top cities globally for leisure operators, according to new research

Business

PrettyLittleThing inks deal for new West End showroom and office

PrettyLittleThing is heading to Great Portland Street for its next showroom launch

Business

Caffè Nero’s Christmas sales jump 9.5% as festive menu proves popular

The coffee chain served almost eight million people in the UK in December

Business

West End Christmas trading surpasses pre-pandemic levels

Two of the West End’s most prominent landlords have reported bumper sales figures for the festive period

Business

Pressure on Issa brothers as debt interest payments jump £200 million

Annual accounts for EG Finco, the finance subsidiary of Mohsin and Zuber Issa’s EG Group, are now several weeks overdue

Business

Demise of the gin & tonic as drinkers opt for cocktails

A slowdown in demand for gin would appear to have been matched with a decline in tonic sales

Business

London ‘well and truly back on Fridays’ says City Pub Group

Even those working from home are returning to the capital for a Friday night out, boss Clive Watson said

Business

Primark owner ABF hails record Christmas sales

The firm is set to open a further 17 new stores as part of plans to add a million square feet of new retail space

Business

Fuller’s takes £4 million knock from strikes

The hit to Fuller’s would suggest London’s pub industry has taken a knock of as much as £84 million from industrial action in recent weeks

Business

London’s upmarket retailers upbeat ahead of Chinese tourists returning

London retailers are hopeful there will be more high-spending shoppers returning this year, writes Joanna Hodgson

Business

Hotel Chocolat hails return of high street shopping after sales boost

The chocolatier is eyeing expansion of its London footprint

Business

Cazoo axes jobs as founder Alex Chesterman quits CEO role

Cazoo shares have fallen 93% over the past year, with the firm posting a £243 million loss in the first half of 2022

Business

Burberry boosts sales outside of mainland China, with bags in demand

Burberry’s CEO says double-digit revenue growth outside of Mainland China offset the impact of Covid-19-related disruption there

Business

Paperchase lines up administrators with nearly 100 shops at risk

It’s the second time in two years the firm has come close to collapse

Business

Footfall in Knightsbridge over Christmas nears 2019 levels

The Christmas period can account for up to a third of sales across the entire year

Business

Asos to cut office space and shut storage warehouses after sales fall

The retailer will also withdraw 35 brands as part of cost-saving measures

Business

World’s richest man picks daughter to run luxury brand Dior

All five of Arnault’s children are involved in the management of his luxury fashion empire at senior levels

Business

Lidl heralds bumper Christmas as record number of shoppers switch

Shoppers keen to cut back on groceries moved some of their Christmas shopping to the discounter