Top London five star hotel faces legal action from HMRC hospitality One of London’s best-known five-star hotels is being taken to court by the UK’s tax authority over unpaid sums, City AM can reveal. Hotel Cafe Royal, a top-tier venue popular with the capital’s rich and famous, has been issued with a winding-up petition by HMRC, according to court filings seen by City AM. A winding-up petition [...]
More West End streets to be pedestrianised under Crown Estate plans Retail Plans to pedestrianise more streets in London’s West End have been proposed via a partnership between King Charles’ property firm and a local authority. The Crown Estate and Westminster City Council intend to turn Regent Street St James’s into a traffic-free space while greatly enlarging the pedestrian area at Piccadilly Circus. The proposals also include [...]
Lacoste: Flagship London store fails to boost sales as label falls to loss Retail The opening of a flagship store in London’s Regent Street failed to stop the UK arm of sports fashion label Lacoste entering the red, it has been revealed. The business has reported a pre-tax loss of £3.2m for 2023, according to delayed accounts filed with Companies House. The results for the brand also show its [...]
Bond Street moves into third for world’s most expensive retail spot November 20, 2024 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 [...]