Hugo Boss is to double the size of its Bond Street flagship store, expanding its retail space to around 6,000 sq ft.
The German luxury brand will replace Folli Follie at 120-122 New Bond Street after signing a 15-year lease on the property last week. A refurbishment of the store, which is adjacent to the existing Hugo Boss shop, is currently awaiting planning permission.
Hugo Boss has forecast high single-digit growth in sales and earnings this year, after reporting double-digit growth in the UK during the last quarter of 2013.
Overall sales increased by 7% to €649m (£542m) in the fourth quarter of last year, with Hugo Boss highlighting Europe in particular as contributing to this with 13% growth.