The UK's last piano maker, based in Milton Keynes, has announced it is closing with the loss of 90 jobs.

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Red Bull Racing Team Principal, Christian Horner, said the team was "very proud" to be based in Milton Keynes and that this would be the biggest event that they had ever done.

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In a statement, Milton Keynes-based Argos accused the OFT of conducting a one-sided investigation and announced it was launching an immediate legal challenge against the decision.

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"Even if they aren't cooking or using the products very often, very wealthy people want to have the top-of-the-line of everything, " explains Milton Pedraza, chief executive of the Luxury Institute , a research firm based in New York.

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