CBRE has today announced that it has advised Vans on securing their largest retail premises outside of North America with an upcoming London branch.
Based in London’s Oxford Street the 6,000 sq ft showcase store will open next door to Topshop’s flagship store on Oxford Circus.
Simon Charlesworth, brand marketing director at Vans EMEA, said: “The Vans store on Oxford Street will be one of our largest stores globally. London serves as one of the key global retail market places and central hub of a thriving creative culture.”
Founded in California in 1966, Vans has become synonymous with the skate and fashion world, aiming for a US$ 5 billion revenue target by 2023.
The American retailers’ new store is owned by landlord Arcadia and is expected to be open for business before the busy Christmas period.
CBRE Retail Executive Director Graham Barr, commented: “We are delighted to have advised Vans on this prime store location which will serve as a brand showcase for the firm. This central London location will allow Vans to benefit from the huge West End footfall.”
Arcadia was advised by Savills