Printemps' Boulevard Haussmann flagship is welcoming a corner for The Marc Jacobs' on August 28, 2019, as the new affordable label from the American designer takes up residence in an 860-square-foot space.
The department store group, which previously did not have any locations outside of France, is planning to open flagships in Milan and Qatar’s Doha in 2021. It aims to open 5-10 international locations before 2030.
High-class department store chain Le Printemps will open its first new outlet for 32 years just down the road from the Mona Lisa, hoping well-heeled tourists will help it counter slowing sales in the luxury sector.
The fashion industry is entering a new growth cycle with a bigger focus on customers' price, quality and style expectations than in the mid-2000s, prompting brands to renew their design teams, executives said this week.
Once a country associated with the slums known as favelas, Brazil is on its way to becoming a new engine of growth for the luxury industry, executives at the Reuters Luxury and Fashion Summit said this week.