US designer Tom Ford will open his first flagship store in the UK on Sloane Street, reinforcing the street’s reputation as the leading luxury retail destination in the capital.
Tom Ford’s arrival provides an exclusive and world-renowned anchor at The Cadogan Estate’s new 201-206 Sloane Street development. Luxury brands already on the street include Chanel, Gucci and Louis Vuitton, while Alberta Ferretti recently acquired a 6,000 sq ft unit within 201-206 Sloane Street for a new concept store.
The Cadogan Estate has leased an 8,000 square foot store on a 10-year lease at £1.34 million per annum. The flagship store, which is scheduled to open in 2013, will carry the designer’s full product range, including menswear, which is currently only available at Selfridges.
Tom Ford is a leading designer in the fashion industry; having turned around failing brand Gucci in the 1990s he went on to launch an eponymous brand of perfumes and sunglasses. Tom Ford began expanding the brand five years ago with menswear, then followed with the unveiling of the womenswear line at Paris Fashion Week last year.
Hugh Seaborn, Chief Executive, The Cadogan Estate, commented:
“We are delighted to have secured such a big name fashion brand as the anchor to 201-206 Sloane Street. With Tom Ford’s arrival - and Alberta Ferretti also opening a flagship store, it enhances the ‘super luxury’ offering of the development and seals its reputation as a world-class fashion destination.”
Ed Humbert, Senior Director, Central London Retail, CBRE, commented:
“The luxury retail sector is performing incredibly well against a challenging economic climate and we are seeing strong demand for prime retail space. Sloane Street is very much in demand and is already home to numerous international leading fashion brands; however, the arrival of Tom Ford’s first London store is major news for The Cadogan Estate – it can only enhance Sloane Street’s luxury offering further.”
Photo: EPA
For more information, please visit http://www.tomford.com/
