US designer womenswear brand Michael Kors has pipped four other retailers to the post to secure a store in London’s Covent Garden, which will open later this year.
Michael Kors has taken up a 10-year lease for the 2,523 sq ft store, which is expected to open around Christmas. The brand already has five stores in the UK including shops on Regent Street, Westfield London and Bicester Village.
The brand signed a deal with Lothbury Investment Management on behalf of Lothbury Property Trust for a lease on 28 James Street.
Mike Toft, senior fund manager and director of Lothbury Investment Management, said: “The Covent Garden units are one of the key assets in our portfolio and there was considerable competition for the lease, attracting a shortlist of four retailers.”
He added: “Michael Kors is a perfect fit for this address and is in line with our policy of attracting high quality names to the prestigious properties in the Lothbury portfolio.”