Investors led by billionaire Richard Caring reached a deal for a 330 million-pound ($518- million) financing package to pay a loan held by Ireland’s National Asset Management Agency and buy a building in London’s Mayfair district, CoStar Group Inc. reported.
Caprice Holdings Ltd., the restaurant business of entrepreneur Richard Caring , plans to open an eatery in the former Theatre Museum in Covent Garden, a site that the owners of the Wolseley had planned to take.
American Apparel Inc. Chief Executive Officer Dov Charney told a judge he used Woody Allen’s image on billboards without permission because both men have been plagued by public scandal and because the director is his “hero.”
Landlords in Mayfair and St. James’s, two of London’s most expensive neighborhoods, are exploiting a shrinking supply of new or refurbished office space to charge hedge funds and financial firms the highest rents in three years.
Soho House U.K. Ltd., which runs a chain of luxury private-members clubs, may be put up for sale after receiving takeover approaches in the last week, the Sunday Telegraph reported, without saying where it got the information.
A custom-made Rolls-Royce, a pair of earrings by the jeweler JAR and a Lucian Freud drawing were among items selling for more than $600,000 at a London fair that combines art and antiques with luxury consumer goods.