The number of new store openings by luxury brands is declining, but many companies are expanding their existing shops as luxury spending is on the rise again, according to a new Savills report which was presented at PropertyEU’s European Retail Investment Briefing in London on Friday.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
