Tom Ford to open flagship store in London in 2013
For his first opening on British soil, Tom Ford has signed a lease for approximately 5,900 sq ft of retail space, housed at numbers 201 to 206 on Sloane Street in Knightsbridge. The store will likely feature the current 2013 women's ready-to-wear collections presented at London Fashion Week and Ford's men's line, which until now was only exclusively available at Selfridges. “The luxury retail sector is performing incredibly well against a challenging economic climate,” said Ed Humbert, senior director at CBRE London, who handled the transaction. “The demand for commercial space in the industry is soaring, especially on Sloane Street and the arrival of Tom Ford will reinforce this trend,” he added. The lease will run for a period of 10 years at an annual rent of 1.34 million pounds, or about 1.68 million euros, according to the agency. Under the current exchange rate, monthly rent equates to 110,900 pounds (171,990 USD) for this point of sale operated directly by the brand.
2012 Autumn-Winter collection - (tomford.com)
Closer to home, in mid-July the first U.S. Tom Ford outlet will open in the Woodbury Common shopping center in upstate New York. Besides his flagship in New York on Madison Avenue, Tom Ford has boutiques in Dubai, Tokyo, Osaka, Seoul, Shanghai, Hong Kong, Las Vegas and Los Angeles. A shop dedicated to men’s wear opened last March on the rue Francois 1er in Paris.
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