Philip Green, the billionaire owner of the Arcadia fashion business, is in advanced talks to sell a 25 percent stake in the Topshop and Topman chains to Leonard Green & Partners LP, said a person familiar with the matter.
Dan Thomas looks up at the rain clouds hovering above St. Paul’s cathedral in London and then smiles approvingly at the two golf umbrellas he’s just bought for 5 pounds ($8) from a branch of Sports Direct.
Nordstrom Inc., the upscale department-store chain, navigated the recession and its aftermath better than its peers. Yet even a company that has posted average sales growth of 14 percent for the past 10 quarters isn’t immune to today’s fast-changing retail environment.
London police will review the role messages sent via Twitter Inc.’s messaging service and other social-networking sites played in two nights of rioting that led to more than 215 arrests and injured at least 35 police officers.
Research In Motion Ltd.’s BlackBerry has become indispensable among executives for its easy-to-use messaging service. That same feature is attracting looters in Britain’s worst rioting since the 1980s.
Polpetto, the first offspring of the Soho eatery Polpo, will officially open on Aug. 23, less than a year after restaurateur Russell Norman shook up London dining with his low-price, high-volume Venetian snack bar.
International retailers such as Kate Spade and Forever 21 Inc. are competing for prime space in London’s West End, pushing rents to new highs as landlords elsewhere in the U.K. struggle with mounting vacancies.