There isn’t enough Bond Street to go around, so retailers are going up.
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.
Regulators closed banks in Florida, Georgia and New Mexico, awarding a third financial institution to Bond Street Holdings LLC, an investment firm that first bought banks in January.
Belstaff, the British motorcycle- jacket maker that’s repositioning itself as a fashion brand, agreed to pay a record rent for a large store in London.
With 70 million people passing through every year, London’s Heathrow Airport is betting it can better serve those travelers -- and get them to spend more -- by putting a greater emphasis on shopping.
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