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Louise Thomas
Editor
French fashion chain The Kooples has pulled out of a controversial deal to open on London's Savile Row and has slowed its expansion in the UK.
The Kooples, which derives its name from the word "couples", has pulled out of four property deals in the UK after reaching 23 stores. It is thought to be reviewing the portfolio due to the difficult market conditions.
A spokeswoman for the brand said: "Our new expansion programme is the US. We will still open shops in the UK when good business opportunities are proposed."
It is thought the deal at 5 Savile Row, which the street's exclusive tailors had opposed due to it being a fashion brand, was scrapped due to rising rents.
Cushman & Wakefield advise The Kooples on property in the UK.
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