Published on 11/01/2017 by Punchmedia

More Luxury Brands Coming to Australian Retail

A New wave of overseas luxury retail brands plan to open stores in Sydney, Melbourne and Brisbane in 2017, bringing with them a huge amount of interest and in-turn more shoppers to the cities’ main retail strips. European-based luxury conglomerates Richemont, Kering and LVMH, which last year generated more than $80 billion in global sales combined, are all looking to grow their bricks-and-mortar retail presence on the East Coast, according to leasing agents CBRE. Swiss-based Richemont, owned by South African billionaire Anton Rupert, is in the market for a new IWC luxury watch store in the Sydney CBD, as well as premises in Melbourne for Alfred Dunhill, the  British menswear purveyor and Swiss watchmaker Panerai. Paris-based Kering wants stores in Sydney and Brisbane for Italian ready-to-wear fashion house Bottega Veneta and is scouting out locations for UK fashion queen Stella McCartney. According to leasing agents there is also a very strong level of inquiry for east coast locations from LVMH, whose brands include Louis Vuitton, Fendi, Christian Dior and Thomas Pink. French fashion house Lavin, Italian designer Emilio Pucci and British leather goods group Mulberry all have requirements in the market for a bricks-and-mortar retail presence in Melbourne. Also looking for retail space in Melbourne are the iconic, but more affordable, US clothing brands J.Crew and Banana Republic. The arrival of these new brands over the next 12 to 18 months treads a well-worn path of luxury retailers coming to Australia in the last four or five years seeking a presence in a relatively untapped first-world luxury retail market. * With AFR

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Curtis is a leading expert in the business-for-sale industry, serving as a senior content creator at anybusiness.com.au.

With a career spanning over fifteen years, Curtis has accumulated extensive knowledge in the domain of business sales, acquisitions, and valuations. His deep understanding of market dynamics and his ability to translate complex industry jargon into accessible insights make him a trusted resource for entrepreneurs and business owners looking to buy or sell businesses.

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