Burberry UK sales slump as Chinese shopping spree ends

Stabilising pound deters bargain hunters, knocking sales at established stores down 8%

London’s Walkie Talkie building sold for record-breaking £1.3bn

Sum paid for City skyscraper by Hong Kong food conglomerate Lee Kum Kee is highest ever for a single UK building

Jimmy Choo auctioned off to US fashion brand Michael Kors for £900m

American firm fends off rival bids for fabled British luxury shoes and bag firm

Handbags at dawn with Farfetch, the latest thing in upmarket online fashion

It has a Chinese deal, a Condé Nast tie-up and has lured the founder of its biggest rival – but can it really change the luxury market?