TK Maxx to open in Covent Garden

TK Maxx, the discount retailer, is to open a store on Long Acre in London's Covent

Garden.

The new retail venture is the former Next space, and is likely to raise eyebrows amongst the Covent Garden committee who are trying to raise the profile of the shopping district by attracting more luxury brands and high-end consumers.

Next is choosing to exit the store to focus on its other units in central London.