Gucci, Louis Vuitton and Prada already have a home in Australia. The exciting news is that there are more purveyors of luxe on their way here.
Tiffany & Co. has big plans for Sydney. It intends to double its footprint in the Sydney CBD by opening a new three-storey flagship store at 175 Pitt Street.
It will be one of the largest luxury showcases the city has ever seen.
And it’s just one sign of things to come: Chanel and Hermes also want to increase their presence.
Some of the most powerful retail brands in the world are expressing confidence in the Australian market.
“Maison sizes are growing due to demand, and this move by Tiffany & Co. is giving other luxury retailers the confidence to move into Australia and expand,” Dexus Leasing Manager of City Retail Pamela Medich observes.