Stella McCartney and Bottega to open mono-brand stores in Barcelona

British fashion designer Stella McCartnery, already present in Spain through several multi-brand stores, announced the opening of its first mono-brand store in Spain, in Barcelona, by mid 2012. Situated at 102 Passeig De Gracia, Barcelona’s leading highstreet, the Stella McCartney mono-brand boutique will be directly operated. Stella McCartney is fully owned by French PPR Group.

Another major opening on Barcelona’s Passeig de Gracia will be the first Bottega Veneta mono-brand store in Spain. The new Bottega Veneta store in Barcelona will be situated close to Stella McCartney and is likely to open in Fall this year.

Passeig de Gracia is home to most international luxury brands: Prada, Miu Miu, Emporio Armani, Tiffany (all opened in 2011), Brioni, Gucci, Dolce Gabbana, Louis Vuitton, Chanel, Hermes, Loewe etc

Despite the financial turmoil, Barcelona and Madrid continue to attract a large number of wealthy foreigners, especially from Brazil, Argentina, Mexico, Peru and Chile, sales to foreigners accounting for almost 60% of all sales of luxury goods.