* Karstadt rescued by Nicholas Berggruen and BCBG Max Azria

http://www.drapersonline.com/5013762.article
Insolvent German department store group Karstadt is set to be rescued by a consortium involving German billionaire investor Nicholas Berggruen and luxury fashion house BCBG Max Azria.

* Gucci to close London office

http://www.drapersonline.com/5013765.article
Luxury fashion house Gucci Group is gearing up to leave its London headquarters on Grafton Street.

* Selfridges' Oxfam pop-up shop raises UKP48,000

http://www.drapersonline.com/5013768.article
Selfridges’ Oxfam pop-up shop made over UKP48,000 in its one week of trading — more than the average Oxfam store makes in a year.