France’s upscale gourmet retailer Fauchon plans to bring its new hotel brand to Japan, the fine food purveyor’s biggest market, just a year or so after the company opens the first ever hotel in Paris.
Fauchon seeks partners to open a hotel in Japan in 2019, ahead of the 2020 Summer Olympics in Japan’s capital. Likely sites include Ginza, Shinjuku and Shibuya.
The company looks to have at least two other hotels in Japan by 2030, targeting such cities as Osaka and Kyoto. The country accounts for around 40% of annual sales for Fauchon, which rang up 180 million euros in the year to March.
The company aims to have the hotel chain span 20 locations worldwide and generate 200 million euros in annual sales in 2030.
More from OPPORTUNITIES
Cartier is the exclusive jewelry partner of this summer's highly anticipated heist comedy "Ocean's 8," WWD has learned. The collaboration is the French jeweler's …