BIDDING SEASON: Chanel has won the bid for the concession of the two,030-square-foot space in Galleria Vittorio Emanuele II, currently utilized by Tod’s, for an annual fee of two.35 million euros.
The auction was held Monday in Milan, and beside the French luxury fashion house, drew in six additional luxury brands including Loro Piana, Samsonite, Damiani, Swarovski and John Richmond, that bid on the situation.
With its final offer, Chanel has greater than quadrupled the worth of the space, which began at the bottom price of 545,000 euros.
The shop is arranged over three floors: ground, basement and the doorway, which overlooks the gallery. It'll open in the most important portion of the gallery housing Tod’s, whose contract is about to...
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