The property, known as The Reserve, is located on a 2-acre private estate in the exclusive Holmby Hills neighborhood.
The fast-fashion retailer that has until now tied executive pay to aggressive share price and sales growth targets.
The estate was sold by Prince Bandar bin Sultan, former ambassador to the U.S.
Peter Klimt and other investors are laying claim to paintings sold by an art dealer facing fraud charges.
The sale is the first “mega deal” to take place in London since the nationwide shutdown.
A “behavioral shift” to online shopping will accelerate as people remain reluctant to visit stores, an analyst predicted.
It's the latest sign that the city’s long-moribund luxury real estate market is slowly returning to life.
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