great news for the LA crowd
from wwd
MARNI TO MELROSE: Marni completed a lease for a 2,500-square-foot store at 8460 Melrose Place in Los Angeles, said Luca Voarino, the company’s vice president and director of sales and marketing. The store is to open in the fall. “L.A. loves us. It was actually about time,” he said, noting there are seven retailers in the greater Los Angeles area that carry Marni merchandise. “We played it fairly there. All our accounts know we’re opening a store.” Chuck Dembo, a partner at real estate firm Dembo & Associates, which was involved in the deal, said Marni will further establish the street as the city’s newest and chicest destination shopping area. In the past year, the two-block, tree-lined thoroughfare, known for its high-cachet antique stores and restaurants, has attracted women’s clothiers Marc Jacobs and Tracy Feith and Italian leather maker Henry Beguelin. Marni, which operates eight stores worldwide, may do as much as $1.6 million in first-year sales, analysts said. Stores in Singapore and Rome are also to open this fall.
from wwd