Plan to modernize British Bond Street

(MENAFN) Bond Street, The richest shopping street in Britain, will be improved and modernized to reflect the historic West End area and stay in the best competitive position compared to New York, Milan, and Hon Kong, according to The Telegraph. The new Bond Street Development Group has allocated USD31.1 million for the modernization plan of the street which includes a grand entrance to the street and a concierge service for the rich. Aspinall, the managing director of the new development group, said: "In terms of the best luxury shopping area in the country, it"s not good enough. We need to stay ahead of the international alternatives where they [luxury shoppers] could shop instead."