Savills news and archive

Mr Marvis to open first store in the UK

Amsterdam-born menswear brand Mr Marvis is set to open its first-ever store in the UK on London’s King’s Road. The London store, located at 52 King’s Road in Chelsea, will open at the end of the summer and will mark the brand’s first retail location outside of continental Europe to become its 19th branded store. Mr Marvis, originally an...

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Retail

Global Luxury Retail Report 2025: More openings, rents rise again

The latest Savills Global Luxury Retail 2025 Report shows that global luxury retail continued to withstand economic challenges, with core markets experiencing strong rental growth in 2024. Prime rents increased or remained stable in over 75 percent of the 21 regions surveyed. After the number of new openings slowed in 2023, this trend reversed...

Retail

Urban Revivo to open debut UK store

Fashion brand Urban Revivo is set to open its first flagship store in London after signing a five-year lease with landlord HIH Invest Neal Street Limited. Urban Revivo, founded in China in 2006, will take over the former Mango store at 8-12 Neal Street in Covent Garden, London. The store is arranged over the basement, ground, and first floors,...

Retail

The Diamond Lab to open standalone store on New Bond Street

London-based The Diamond Lab, the fine jewellery brand that utilises lab-grown diamonds, is set to open its debut flagship store on New Bond Street this spring. The Diamond Lab, founded by Jamie Amelia Patel, has signed a 10-year lease for 109 New Bond Street, a 3,000-square-foot store spanning a basement, ground, first, second and third floors....

Retail

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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Retail

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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Retail

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...