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Dior and Fendi to pay record rents for space in Milan’s Galleria mall

Dior and Fendi to pay record rents for space in



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

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Tags : The Guardian

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