Shops in landmark building snapped up in unprecedented city council auctionDior and Fendi will pay record-breaking rents for coveted shop space in Milan’s renowned 19th-century Galleria Vittorio Emanuele II shopping arcade after winning an unprecedented auction.Dior, the French fashion house, will spend just over €5m (£4.1m) a year over the next 18 years to rent a shop in the centre of the elegant marble-floored, glass-vaulted arcade, while its Italian counterpart will pay €2.4m for its new premises. Continue reading…
Source link : https://www.theguardian.com/world/2020/feb/18/dior-fendi-pay-record-rents-milan-galleria-vittorio-emanuele-auction
Author : Angela Giuffrida
Publish date : 2020-02-18 17:09:48
Copyright for syndicated content belongs to the linked Source.
- UNITED KINGDOM
- UNITED STATES