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World Book & News Closes After 78 Years, Fred Segal Expands Worldwide, Versailles-Style Boutique on Beverly

HOLLYWOOD: It's the end of an era. This past Sunday, legendary newsstand World Book & News ("California's largest 24-hour newsstand") officially closed its doors. A tipster tells Racked: "Hollywood character Diz will no longer be selling magazines to locals in her eclectic outfits and fabulous nails [...] She will be missed and Hollywood will notice."

CITYWIDE: Major news for Fred Segal. The iconic retailer's parent company Sandow has just received a major investment from Evolution Media Capital that will allow them to open a slew of lifestyle centers in the US and beyond within the next five to seven years. The concept shops will cover a whopping 10,000 to 50,000 square feet.

BEVERLY HILLS: ENTER Boutique just opened next door to Brooklyn Water Bagel at 266 S. Beverly Dr. "Inspired by the Palace of Versailles and a traditional English tea house," the shop's decor features include stark white walls, ornate gold accents, and custom-made furniture.
· Racked LA [Official Site]