Tiffany to open in Paris in 2014, its largest store in Europe
American jeweller Tiffany has confirmed the opening of its new flagship store in Paris on Champs Elysee in 2014. The 1.000 sqm store will be situated at 52, Champs Elysee, the building acquired last year by Qatar Sovereign Fund for half billion euros (the site is also known as the Virgin Megastore building).
Last month, Qatar Investment Authority (QIA) increased its stake in Tiffany to 11 percent. The new Tiffany flagship store on Champs Elysee will become the largest in Europe and the second largest in the world. Tiffany has been operating only one stand alone store in Paris at 6, Rue de la Paix, off Place Vendome.