Global real estate advisor, CBRE, has secured the first international store for Romanian retailer Vagabond Studio.
The store, which opened in May and will trade as “Made by Society”, is located in London’s Westfield Stratford City comprises over 2,400sq ft of retail space.
Vagabond Studio is the first Romanian retailer to enter the British market, following a recent investment of circa €800,000. The decision to expand internationally was a natural next step following the success of its stores in Romania and when considering locations, the company took into account the income, standard of living and purchasing power of the UK market, all of which make the UK the biggest market in Europe.
Carmen Ravon, Head of Retail Occupier CEE at CBRE said: “By utilising the expertise across our expansive European Retail team, we have been able to advise Vagabond Studio, a champion of local retailing, on their international expansion in the most competitive market in Europe.”
In Romania, Vagabond Studio is a top-performing retailer in terms of sales per square meter. Since 2014, the company opened 14 stores in shopping centres from Bucharest, Brasov, Cluj-Napoca, Constanta, Iasi, Ploiesti, Sibiu and Timisoara and has reached a team of 300 employees. Its manufacturing facility is based in Botosani, the Romanian hometown of the founding family.
