Leading luxury accessories store closes in Budapest (Hungary)
One of the first luxury accessories multibrand stores in Central Europe, LA BOUTIQUE opened in Budapest (Hungary) more than 10 years ago. During the past five years, the company operated two stores, one at LE MERIDIEN Hotel and the second on main highstreet Andrassy Ut.
The current economic crisis, has forced the owners of LA BOUTIQUE to close the Andrassy Ut location earlier this year. The second operating location at Le Meridien Hotel is to be closed by the end of this month. LA BOUTIQUE carried luxury accessories (including shoes) of Dolce Gabbana, Cesare Pacciotti, Giani Versace, Prada, Gucci, Salvatore Ferragamo.
Hungary’s luxury market has been one of the hardest hit in the entire Central and Eastern European area, most affected segments being fashion/accessories and hospitality.