London's East End traders form "medieval" guild

[riky]

London's East End traders form "medieval" guild

LONDON (Reuters) - Street hawkers and independent shop owners in London's East End have come up with a medieval solution to combat the age-old problem of rising rents. Fearful that the unique character of their area is being eroded by global retail chains, gentrification and soaring property costs, some 200 businesses have formed the East End Trades Guild. East London's modern manifestation of an ancient city guild - whose history dates back to the 12th century - aims to establish rent review workshops, trade with one another, and build relationships with developers and local authorities. ...

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