Ben wrote: ↑Tue Jul 23, 2024 8:56 pm
Louis Vuitton are advertising for a store manager and sales staff. I assume a permanent store at Adelaide central plaza.
The hour glass is due to open on Monday and will stock Bvlgari for the first time in Adelaide amongst other brands.
Solid Gold Diamonds are moving to a new store in Gawler Place soon freeing up more space in ACP.
Minoso is returning to Adelaide opening in the basement of the MYER Centre where Gloria jeans, a barber and a few other smaller shops were in the food court.
Heres a related article from 4 months ago
Louis Vuitton: Rich Lister plans luxury retail hub in Adelaide
Australian Financial review
https://www.afr.com/property/commercial ... 011-p5ebev
Rich Lister Shaun Bonett says he will invest $125 million over the next three years to develop Adelaide’s first luxury retail precinct on Rundle Mall after striking a deal with French fashion house Louis Vuitton to open a pop-up shop within his Precision Group’s flagship Adelaide Central Plaza.
The pop-up shop will open on Friday and trade until December 28, joining a number of other luxury retailers in the plaza such as Tiffany & Co and TAG Heuer as well as the likes of Gucci, Chanel and Armani which operate concessions in its David Jones department store.
Mr Bonett told The Australian Financial Review he would like to secure Louis Vuitton as a permanent tenant in the future, whilst also talking to its parent company, global luxury retail giant LVMH, about opportunities to bring many other of its famous brands to Adelaide.
“It’s not quite right to say that Adelaide does not have exposure to luxury brands, but in my view it’s ready to move to the next level,” Mr Bonett told The Australian Financial Review.
He added: “Adelaide is the last developed city of the world that does not have a Louis Vuitton store, so we are delighted to be bringing this to Adelaideans.”
Demand for a luxury retail precinct and flagship outlets, Mr Bonett said, was being fuelled by workers returning to the Adelaide CBD, the resumption of international tourism and retailers looking to tap into the continued appetite for experience-based, physical stores.
In addition, significant investment in expanding the state’s line-up of major events, a $9 billion swathe of transformative major projects under way and the recent completion of new luxury hotels and office towers had all “heightened activity” in the CBD.
“With the benefit of the opportunities that this presents, and the continued strength of luxury retail across the globe, we are reimagining Adelaide Central Plaza through a major new investment, to further elevate the retail experience for customers,” he said.
“Along with our luxury group of retailers, we are investing $125 million dollars over the next three years to create the first dedicated luxury shopping precinct in Adelaide’s CBD.”
With Precision Group’s relationship with LVMH already established through the opening of Tiffany & Co in the Adelaide Central Plaza eight years ago and TAG Heuer in December (both brands are owned by LVMH), Mr Bonett said it made sense to “start with them”.
“We’ve also had significant amounts of other luxury brand interest, a number of which emanate from brands that already operate concessions within David Jones,” he added.
Mr Bonett said the investment in a new luxury retail precinct would take inspiration from the “amazing transformations” that have occurred at malls like Queens Plaza in Brisbane, which is owned by ASX-listed Vicinity Centres.
“The ground and first floors at Queens Plaza have been transformed into a dedicated luxury precinct, which is the appropriate environment for these stores,” he said.
“We’re focusing on achieving the same levels of amenity through upgrades to the ground and first level [of Adelaide Central Plaza] to create the first recognised and dedicated luxury retail precinct in South Australia.”
Amid a wide revival in the fortunes of major shopping mall, including Westfield owner Scentre Group, Mr Bonett said foot traffic and visitor numbers at Adelaide Central Plaza, (which Precision Group has owned for 23 years) were up 12 per cent on pre-pandemic figures.
