The high-end stores lining Old and New Bond Street will pay £160 million more in business taxes in the next five years as business rates rise from next month. Louis Vuitton's flagship wil pay the biggest single amount.
The company's best performing brand posted flat sales for the year and a decrease in fourth quarter sales. Lilly Pulitzer recorded strong increases that contributed to the company meeting its full year sales guidance.
Britain's biggest retailer Tesco is in advanced talks with the Serious Fraud Office (SFO) over a plea deal that would involve it paying a large fine over its 2014 profit overstatement, Sky news said on Saturday.