Rodeo Drive could get more orange after a record-setting retail acquisition on the world-famous corridor. Hermès has been revealed as the buyer behind what Wall Street Journal said is the largest-ever retail real estate purchase on Rodeo Drive, the publication reported. The luxury French brand spent $400 million to buy 338 North Rodeo Drive, picking up the roughly 25,000-square-foot location last summer as part of its acquisition of an affiliate of former owner ECA Capital Limited. The storefronts are currently occupied by Tom Ford, Moncler and Balenciaga. Hermès’ plans for the site are not clear, though it might be a […]
This article originally appeared on The Real Deal. Click here to read the full story.
Powered by WPeMatico