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News Release

Moscow

Tommy Hilfiger is to Open the Flagship Store on Kuznetsky Most

Retailer leased 255 sq m in the new pedestrian zone in Moscow


Moscow, 30 June 2013 — The international retailer Tommy Hilfiger signed a lease agreement for the 255 sq m premises in the centre of Moscow, at Kuznetsky Most, 7. First Tommy Hilfiger’ flagship store will open here on August, 1st. Jones Lang LaSalle is the consultant of the transaction.

The new store is located in a historical building on Kuznetsky Most – one of the city’s most prestigious shopping boulevards which houses an elite mix of upscale and luxury retailers. The store will offer the latest selection of Tommy Hilfiger collections, including men’s and women’s runway, sportswear, tailored, footwear and accessories.

Tommy Hilfiger said: “I am very excited to open our first freestanding store in Moscow. Kuznetsky Most seems to be one of the most renowned shopping destinations, close to the Kremlin, Red Square and Bolshoi Theatre. It is the ideal location to highlight our brand’s loyalty to the mix of classic influences with a modern twist. Our new store has a sophisticated and relaxed style, and it perfectly reflects the preppy tradition and youthful spirit at the heart of our brand.”

Svetlana Yarova, Head of High Street Retail Department of Jones Lang LaSalle, Russia & CIS, commented: “The retail zone nearby the TSUM shopping centre is considered as one of the main premium fashion streets in Moscow. Now reshaped in a pedestrian zone, Kuznetsky Most attracts many more tourists and Muscovites.  Thanks to parking restriction shop-windows are much better exposed. These raised retailers’ interest to this district. There are few vacant premises here, but due to the street redesign, now we see a growing tenant rotation – more monobrand stores instead of multibrand ones come to the market. The owners of the most world-known brands want to open their stores on Kuznetsky Most. We are confident that the Tommy Hilfiger flagship store located in the area will become a real success both in terms of sales and  the brand image.”

This transaction was implemented by two Jones Lang LaSalle departments – High Street Retail and Retail Tenant Representation.

 

About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 242 million square meters and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $47.7 billion of real estate assets under management.
In Russia and CIS Jones Lang LaSalle have offices in Moscow, St. Petersburg, Kiev and Aktau. Jones Lang LaSalle, Russia was voted Consultant of the Year in 2004, 2006, 2007, 2008, 2009, 2010, 2011, 2012 and 2013 at the Commercial Real Estate Awards, Moscow and Consultant of the Year at the Commercial Real Estate Awards 2009, St. Petersburg.
For further information, please visit www.jll.ru

 

About The Tommy Hilfiger Group
With a premium lifestyle brand portfolio that includes Tommy Hilfiger, Hilfiger Denim and Tommy Girl, the Tommy Hilfiger Group is one of the world’s most recognized designer apparel groups. Its focus is designing and marketing high-quality menswear, womenswear, children’s apparel and denim collections.  Through select licensees, the Group offers complementary lifestyle products such as sportswear for men, women, juniors and children; footwear; athletic apparel (golf, swim and sailing); bodywear (underwear, robes and sleepwear); eyewear; sunwear; watches; handbags; men’s tailored clothing; men’s dress furnishings; socks; small leather goods; fragrances; home and bedding products; bathroom accessories; and luggage. The Hilfiger Denim product line consists of jeanswear and footwear for men, women and children; bags; accessories; eyewear and fragrance.  Merchandise under the Tommy Hilfiger brands is available to consumers worldwide through an extensive network of Tommy Hilfiger retail stores, leading specialty and department stores and other select retailers and retail channels.