Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Hugo Boss in talks for half of Esprit’s Regent Street store

Hugo Boss is said to be in advanced talks to take half of Esprit’s former Regent Street flagship in central London.

The 26,000 sq ft store closed recently after Hong Kong and Germany-headquartered men, women and kidswear brand and retailer Esprit said last year it was considering a full-scale exit from its standalone stores.

The store at 178-182 Regent Street will be split into two, according to the trade publication Property Week. Hugo Boss is looking at one half and talks are ongoing for the other half, it said. The front of the store is expected to be redesigned to allow for two separate retailers.

Last month Esprit issued a profit warning, stating that it expected to record a “substantial loss” for the full year to June 30.

The publication reported it has been working with property advisor Harper Dennis Hobbs to close a number of stores and most recently has surrendered its lease for the store in question with the landlord The Crown Estate.

Its year-on-year space occupation for the first half of the 2014/15 financial year fell 231% after the company closed a number of unprofitable retail stores, according to Property Week.

Premium German brand Hugo Boss currently has a slightly smaller flagship at 184-186 Regent Street, as well as other stores in London including Canary Wharf and Carnaby Street.

Esprit has a store in Brighton, a franchise store in Lymington, and shop-in-shops in Banbury in Barnstaple, Goulds in Dorchester, Houstons Fashion in Enniskillen, Bentals in Kingston-upon-Thames, James Selby in London, Cuddy’s department store in Magherafelt in Northern Ireland, Rhubarb in County Armagh, and Daniels of Windsor in Berkshire.

@Tara_Hounslea

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.