Hermès will open its first store in Arizona on the Scottsdale Fashion Square, though not for one more two years.

Macerich, one in all the nation’s leading owners, operators and developers of retail and mixed-use properties, indicated that Hermès will open an 11,000-square-foot store within the south wing of the middle, in summer 2024. Hermès confirmed the opening. The posh brand can be opening a flagship on Madison Avenue in Manhattan on Sept. 29 this 12 months.

“Hermès is an iconic brand that’s synonymous with quality and classic style, together with a particular personality that beautifully complements the curated collection of luxury stores and experiences at Scottsdale Fashion Square,” said Michael Guerin, executive vice chairman of leasing, at Macerich. He said Scottsdale Fashion Square represents “the center of luxury in Arizona.”

The 1.9 million-square-foot center boasts an extended list of luxury tenants including Louis Vuitton, Gucci, Neiman Marcus, Brunello Cucinelli and Bottega Veneta, though inside its range of greater than 240 shops and restaurants there are also more moderate-priced stores akin to Levi’s, H&M, Dillard’s and Macy’s. Adding Hermès to the roster could help attract additional luxury tenants to the middle.

Hermès has greater than 300 stores in 45 countries. The group employs almost 17,600 people worldwide, including nearly 11,000 in France, amongst whom greater than 6,000 are craftsmen. Axel Dumas, a sixth-generation member of the family, has been Hermès chief executive officer since 2013.

Macerich’s portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro Recent York to Washington, D.C., corridor. Macerich owns 48 million square feet of real estate consisting primarily of interests in 44 regional town centers.