It looks like Moncler is to expand in London’s West End after securing a site in Albermarle Street occupied by Italian retailer Gismondi 1754, according to reports. The space is adjacent to its new London flagship.
There may be concerns about UK retail as Brexit talks loom and shoppers are hit by higher inflation, but international tourist spend appears to be going from strength to strength with tax-free shopping up 55% last month.
Fashion will be among the major industries to suffer if the UK fails to negotiate a favourable deal in time for it leaving the EU, a new report claims. The EU took 74% of UK fashion and textile exports last year.
The label has opened its first retail spaces in Spain this month and has announced plans to launch more than 50 corners at El Corte Ingles stores within 3 years. The expansion focuses on the brand's menswear line.
Brands concerned about the impact of Brexit-related price rises on sales can draw encouragement from new research showing Britons will continue to buy premium brands. Yet they may also cut the amount they buy overall.