Manolo Blahnik will open a boutique in Palais-Royal, Paris this fall. "There was only one place that I wanted to be in Paris. It’s the one place where I immediately felt welcome," says the shoe designer.
The Spanish firm is entering a new era driven by a rebrand and its commitment to Paris. In 2019, a Chinese investor is expected to join the family business to boost its distribution and help it expand its product offer.
Hong Kong has taken over from New York as the city with the most expensive street as far as retail rents are concerned but Paris and London rents are growing fastest for luxury labels, two new reports show.