Savills news and archive

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...

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...

RetailFeatured

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...

RetailFeatured

Luxury watch brands missing opportunities in London, New York

London and New York are missing opportunities for luxury watch makers who are seeking expansion in 2018. According to Savills, the international real estate advisor, 44 percent of brands that operate standalone boutiques globally are not yet present in either city. By contrast, the company says 73 percent of such brands already have a boutique...