Slated to open in 2023, the new space will be the store's first location outside of its Florence flagship.
. The store spans 7,855 square feet with a yearly rent of $3.2 million. The retailer has confirmed plans to open the new store in 2023, but you’ll have to stay tuned to learn when exactly.
The new NYC shop would become LuisaViaRoma’s second global outpost, alongside its longstanding Florence location. Though the retailer primarily generates sales via its website, it did previously test out a brick-and-mortar concept in the Big Apple in 2018. That space was created in partnership with Spring Studios and Spring Place. The new store’s neighbors on Bond Street will include Showfields, Kith and the swanky members-only club, Zero Bond.
LuisaViaRoma is part of the private equity firm Style Capital’s portfolio. Based in Milan, the company is known for investing in lifestyle, fashion and luxury companies to support the development of small to medium-sized businesses in those industries. In September 2021, Style Capital invested a staggering $130 million euros into LuisaViaRoma, in turn acquiring a 40-percent stake in the luxury e-tailer. The funds are now being used to fuel its global expansion.
With that said, LuisaViaRoma saw a healthy turnover of roughly €230 million in 2020—the same year when Covid plagued society and created problems for virtually every business on the planet. Despite this, the Italian company, like others in the luxury sphere, managed to turn a sizeable profit, and that may be a key reason the firm invested in the business a year later. Globally, sales of high-end goods spiked during the pandemic.
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