Tuesday 17 September 2024

Karim Fatehi MBE, CEO of the London Chamber of Commerce and Industry, said: 

“London is a global tourist destination, with a diverse and vibrant retail scene which attracts around 30 million visitors every year. Oxford Street is the city’s most famous street and the busiest shopping destination in Europe. But over the last decade it has seen the closure of several iconic brands and an increase in low quality retail stores. We are supportive of the efforts being made by Westminster Council to reverse this trend, but we must now go further to ensure that the capital's premier shopping street continues to flourish and brings back forward-looking brands and footfall that maintains our competitive lead on other cities. For this reason, we are pleased that the Mayor of London will now take forward this significant and innovative new scheme to transform Oxford Street for visitors, residents, tourists and businesses, including the many small businesses, the lifeblood of our economy, that operate in the West End.”

ENDS