The number of Easter-weekend shoppers in London’s West End jumped 15 percent as the pound’s exchange-rate drop helped attract American and European buyers, more than offsetting a cold snap that kept Britons away.
Why does stationery need an apology? Any time it's mentioned, it's prefaced by a reminder that the Internet exists and has for some time: "Use email and welcome yourself to the early 90s." It's precisely because most communication is via email -- intangible digital bits -- that stationery, which is harder to delete and ignore, makes more of a statement than ever before.
Salvatore Ferragamo Italia SpA, the Italian luxury shoemaker that sold shares in an initial public offering in June, agreed to pay a record rent as the company renewed its lease on the U.K.’s most expensive shopping strip.
Greg Reichmann used to mine coal for Xstrata Plc in Australia’s Queensland state. Now he’s a tunneler under Mayfair, the most expensive place in the world to rent office space and home to London’s hedge-fund district.
Irish investor Aidan Brooks’s Tribeca Holdings Ltd. paid 13 percent more than the asking price for a shop on London’s Bond Street that generates slightly more income than a U.K. government bond. It beat three other offers.
Paintings from Andy Warhol’s “The American Indian” series and an Egon Schiele work valued at nearly $50 million are among the gallery exhibits vying for collectors’ attention during London’s busiest-ever Frieze Week.