With the increasing number of wealthy travellers from South America, Miami is becoming a top destination for luxury shopping, the city’s Design District attracting most of the leading international luxury brands. Cartier and Celine are the latest luxury mono-brand stores to open in Miami’s Design District, with Louis Vuitton and Emilio Pucci scheduled to open next month. Hermes and Dior Men mono-brand stores are scheduled to open by the end of the year within Miami’s Design District.
“Miami has been under retailed for luxury because of the strength of the local market and the strong growth of tourists coming to Miami,” said Emmanuel Perrin, president and chief executive officer of Cartier North America. “This market can support several Cartier boutiques. It was just a question of time before the luxury market evolved. Everyone has been waiting for the right project to come along.”
Louis Vuitton and Cartier both left Bal Harbour Shops last summer because the mall didn’t have the space for them to expand. The retailers were also prohibited from opening a second store within 20 miles unless Bal Harbour’s owners got a piece of the new store’s revenue.
adapted from The Miami Herald
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