British menswear designer Paul Smith has signed a 10-year lease for a 459 sq ft store in the City of London. The boutique store will be located at 2a Bow Lane.
The shop is let by real estate agency CBRE Global Investors. Turnover at Paul Smith increased by 6.7% to £197.3m for the year to 30 June 2018, during which time the retailer invested heavily in its store portfolio.
The brand targeted key markets with new stores last year, including openings in Manchester and Berlin, as well as at Coal Drops Yard in London’s King’s Cross and a store in Copenhagen since the year end. New stores are also planned for Munich and California later this year.
