Gucci grows footprint

 

GucciInternational fashion house Gucci is continuing to expand its local footprint, with the luxury retailer expected to open a new store in Melbourne’s sought after luxury precinct in the CBD.

Gucci, which reportedly abandoned a move into Emporium Melbourne in favour of a greater presence on Collins St, has committed to a 430sqm site on Russell St in Melbourne’s CBD, paying rent of around $1200 per square metre, according to the Australian Financial Review.

The fashion brand has committed to an initial ­12 month lease on Russell St while it expands its nearby flagship on Collins St. The lease was negotiated by Cam Taranto and Zelman Ainsworth of CBRE.

Gucci has 10 stores in Australia across Melbourne, Sydney, Brisbane, and Perth.

 

 

 

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