H Stern sets up shop in Europe
Tuesday 03 April 2012
The upmarket Brazilian jewellery chain H Stern has chosen London's Sloane Street for its first-ever European standalone store.
The favourite jeweller of actress Katie Holmes and the Vogue editor Anna Wintour has outlets in 12 countries, mainly inside department stores and airports.
However, in London it has made the move to open a company-owned, full-line store.
H Stern has paid a £1m premium to secure the shop, which is currently occupied by the fashion store Browns. The rent is in the region of £230,000 a year.
David Harper, a partner at the property experts Harper Dennis Hobbs, said: "It is very difficult to secure space on the street and demand keeps increasing as new brands come in from overseas."
Recent foreign additions on Sloane Street include the US fashion brand Rag & Bone, which has signed up at 13/14 Sloane Square, opposite Tiffany & Co.
Michael Horwitz & Co advised H Stern.
- 2 Qataris pledge to expand Canary Wharf
- 3 #JeSuisEd: People share photos of themselves eating awkwardly in solidarity with Labour leader
- 4 Women think Irish men are the sexiest, survey finds
- 5 Florida couple forced to register as sex offenders for having sex on public beach
#JeSuisEd: People share photos of themselves eating awkwardly in solidarity with Labour leader
Florida couple forced to register as sex offenders for having sex on public beach
UK election candidates: 'Nasty party' Ukip faces fresh questions on eve of vote
Who should I vote for in the general election? Take The Independent's interactive quiz to find out which party's the right choice for you
Ohio 'Shawshank Redemption' fugitive Frank Freshwater arrested after 56 years on the run
In defence of liberal democracy
General Election 2015: Post-election 'shambles' looms as 70 per cent of voters say SNP 'should not be able to veto UK government policies'
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
General election live: SNP suspends two members for disrupting Labour rally
General election live: Booths open at 7am across the country on polling day
iJobs Money & Business
£35 - 40k: Guru Careers: Our client has a new role for a Digital Marketing Exe...
£60000 - £70000 per annum + benefits : Ashdown Group: A highly successful, glo...
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
£27 - 35k + Bonus + Benefits: Guru Careers: A Management Accountant is needed ...