Bond Street news and archive

Fenwick seemingly preparing for imminent closure of Bond Street store

Heritage retailer Fenwick has launched a notable 70 percent sale at its Bond Street store, suggesting the closure of the 130 year old location could be imminent. The company had confirmed plans to shutter the store towards the end of December 2022, when it announced that it had sold the building to Lazari Investments in a 430 million pound deal....

Retail

Georg Jensen to open new flagship on Bond Street

Danish jewellery designer Georg Jensen has signed a 10-year lease on a new flagship store on Bond Street in London. The 5,000 square foot store, which is due to open at the end of 2023, will house Georg Jensen’s full range of designer jewellery, silver holloware and homeware collections across three floors. Located at 108 Bond Street, the store...

RetailFeatured

Renewed activity for luxury stores in Europe as international travellers return

Luxury store openings in Europe increased by 77 percent in 2022, as the continent welcomed back international visitors looking to spend on luxury brands, according to international estate agent Savills. Research from Savills Global Luxury report found that the strong performance across Europe saw its global share of new openings climb to 23...

Retail

New York’s Fifth Avenue is the world’s most expensive retail street

New York’s Fifth Avenue has reclaimed its position as the world’s most expensive retail street. The data was released by global commercial real estate services firm Cushman & Wakefield, who said the average rents of 2,000 dollars per sq ft beat Hong Kong’s 1,436 dollars per sq ft and Milan’s via Montenapoleone at 1,380 dollars per sq ft. It is...

Retail

The impact of Crossrail on retail in the West End

The delays of opening Bond Street on the new Elizabeth Line have finally come to an end, with the Crossrail officially open for business today. Joanna Lea, Director of Retail at Grosvenor Property UK, comments: “Today’s opening of Crossrail at Bond Street is welcome news for the West End and will provide a significant boost for the retail and...

RetailFeatured

The loss of American tourists forces European luxury brands to think local

Each summer, come July and August, outbound Parisians, Milanese and Florentines tend to flock to their respective coasts for some weeks of respite from the urban heat, while visiting Americans linger in their empty cities, take in the cultural reverence and most of all, they shop. In 2018, nearly 18 million Americans visited EU countries with...

Retail

Brunello Cucinelli opens new London flagship

Luxury Italian fashion brand Brunello Cucinelli has opened its new flagship boutique on London’s New Bond Street. The new store, which will offer its menswear, womenswear and accessories, alongside a new tailor-made suit service, will join its other London boutique on Sloane Street. Located at 135-137 New Bond Street, the Italian brand has...

Retail

Surge in spend expected at West End this Christmas Eve weekend

Despite growing Brexit uncertainty and a drop in consumer confidence, it looks like shoppers in London’s West End are set to spend big this Christmas eve weekend. Shoppers buying last-minute gifts over the three days before Christmas are expected to splurge 186 million pounds at London’s West End, according to New West End Company. The Christmas...

RetailFeatured

International shoppers drive luxury goods spend in London

As Christmas fast approaches and the season's gift-shopping period begins to warm up, it appears international visitors are still splashing out on luxury brands in the UK capital despite a slight drop in overall retail spend. According to the latest insight report by Global Blue, international visitor (non EU) spend on Bond street has risen by 4...

Retail

Bond Street completes 10 million pound transformation

The 10 million pound transformation of Bond Street’s streetscape has officially been completed, with the aim of offering an enhanced experience for pedestrians, including a new public square at the Burlington Gardens junction, while still allowing traffic on the street. Other highlights of the revitalised Bond Street includes more space for...

Retail

Bond Street's luxury retailers are being priced out

The cost of renting a store on Bond street is enough to put many retailers off the thought of never having a presence on London's most luxurious shopping destination. With millions of pounds of key money being required to buy leases and a staggering square foot cost to rent a store makes it expensive to the point of not profitable. According to...

Retail

London's "Powerhouse" West-End to contribute 11 billion pounds to UK GPD by 2020

London - Even though Bond Street may not be the most expensive shopping street in the world, one thing is for sure, it generates a heck of a lot of income. In fact, the New West End Company has confirmed that London's West End is on track to be the first retail district in the world to generate 11 billion pounds in annual turnover by the year...