Cool Britannia, the legendary UK souvenir shop, is shuttering its flagship ... British-themed merchandise including Union Jack flags, London landmark mementoes and novelty items.

Cool Britannia is closing its Oxford Street flagship store, marking another challenge for the high street amid retail struggles ...

Being the host nation of the Olympic Games, the souvenir industry has gone into overdrive in order to produce all manner of unusual - and, dare we say it, a little bit tacky - Olympic-themed mementos.