Loro Piana and Alberta Feretti expand stores in London

Alberta Ferretti flagship store

London’s short supply of luxury retail space is forcing many luxury brands to secure their locations by expanding space. Italian fashion house of Alberta Ferretti is expanding its store at 205-206 Sloane Street from 3,500 to 5,000 square feet by moving up into the first floor, while Italian luxury house, known for its cashmere, Loro Piana bought its neighbour’s lease at 48 Sloane Street with the aim of merging two stores into a single flagship.

Unlike other retailers, luxury brands have bounced back strongly from the depths of the 2008 downturn, helped by strong demand from emerging markets such as China and Russia.