Bond Street news and archive

Prada continues investing in property with landmark Bond Street deal

Prada is once again placing a strategic bet on bricks-and-mortar retail, with the Italian luxury group reportedly close to acquiring the prestigious London property housing its Miu Miu boutique on New Bond Street. According to reports in WWD, Prada Holding is nearing a deal with asset manager M&G Investments to purchase the building for...

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...