Savills news and archive

Luxury store openings increase in Europe reflecting opportunity for sector

As Europe’s luxury market continues on its path of recovery, store openings saw an increase of 77 percent across the continent last year, as stated in a report by Savills. The increase comes as international visitors return to the region, bolstering its share in the global luxury sector by 23 percent, ranking it second behind China and ahead of...

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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...

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New York, Paris and London are the most attractive cities for retailers

International brands are continuing to bet on physical retail to drive sales in resilient destination cities, with New York, Paris and London ranking as the most attractive cities for retailers, according to a new report from Savills. The Savills 'Retailer Attractiveness City' ranking, reveals that New York, Paris and London have demonstrated...

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Baird Group commences Suit Direct expansion

Suit Direct owned by Baird Group has agreed terms on three new stores in major northern cities - Leicester, Newcastle and Birmingham. The move will expand Suit Direct’s footprint to 27 stores across the UK, and the retailer has added that there are “further stores in the pipeline”. In Birmingham, Suit Direct has taken a new lease at Unit 1, The...

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Grosvenor Europe appoints new leasing team for Liverpool One

Grosvenor Europe, which manages Liverpool One, has appointed a revised leasing team as part of its commitment to support the city’s shopping centre through what it calls a “difficult time”. The new leasing team will see CBRE acting on the retail leasing, while Savills will act on the food, beverage and leisure leasing, with both working...

Retail

Fauré Le Page to open first UK store

Luxury French accessories brand Fauré Le Page is set to open its first UK store on New Bond Street. Fauré Le Page best known for its luxury handbags and small leather goods has secured a 2,500 square foot retail space at 26 New Bond Street that will span over five floors. The Parisian-based label has confirmed that the building will be “...

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P.A.R.O.S.H. secures debut UK store

Italian fashion brand P.A.R.O.S.H. is set to open its first UK store on Fulham Road in London’s Brompton Cross this September. The contemporary womenswear brand, founded by Italian designer Paolo Rossello, has secured a 10 year leased for the 1,310 square foot store at the north end of the iconic Fulham Road. Located adjacent to luxury retailer...

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Belstaff and Fred Perry open in Glasgow

British outerwear designer Belstaff and fashion sportswear brand Fred Perry have both open new stores on Ingram Street in Glasgow. Belstaff has signed a new 10-year lease on Unit Two 197 – 207 Ingram Street, totalling 2,175 square foot, whilst, next door, Unit One 197 – 207 Ingram Street, sees Fred Perry move into the corner unit following the...

Retail

London takes top spot for global luxury store openings

London has taken the global top spot for luxury store openings in 2018, according to research from international real estate advisor Savills. According to the firm, London accounted for 9.6 percent of all luxury store openings worldwide last year, as the luxury market continues to persevere amid the country’s existing economic uncertainty. After...

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Anine Bing to open first store in the UK

US womenswear label Anine Bing is set to open its first store in the UK, in London’s Mayfair next month in time for Christmas. The premium label has taken a 10-year lease on a two-storey unit located at 3 Grosvenor Street. Formerly occupied by Starbucks, the 1,340 square foot store spans across the ground floor and basement. The store is...

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Luxury watch brands missing opportunities in London, New York

London and New York are missing opportunities for luxury watch makers who are seeking expansion in 2018. According to Savills, the international real estate advisor, 44 percent of brands that operate standalone boutiques globally are not yet present in either city. By contrast, the company says 73 percent of such brands already have a boutique...

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Visits to community shopping centres on the rise

British community shopping centres are playing an increasingly important role in the overall retail experience, as 78 percent of shoppers visit one at least once a week, according to new research from Savills and Ellandi. The Retail Revolutions: The Rise of the Community Shopping Centre, reveals that 78 percent of shoppers visit one at least...