Major UK retailer loved by stars closes after 50 years as it plunges into administration

Designers Guild, the luxury British homeware brand, has announced it will close after more than 50 years in business, shutting its King’s Road store in London and its website.Designers Guild is closing its store (stock image)(Image: Getty Images)A renowned luxury British homeware retailer has announced it will shut its doors after more than half a century of trading.