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Tag: spain

  • Inditex Delivers USD 46.3 Billion Revenue as Zara Refines Store Network

    Inditex Delivers USD 46.3 Billion Revenue as Zara Refines Store Network

    Zara parent Inditex generated USD 46.3 billion in revenue and USD 7.2 billion in net profit for fiscal 2025, leaning on a deliberate push into higher-tier apparel.

    The Spanish group operated 5,444 stores globally across 215 markets as of July 2026, with the Zara banner accounting for 70 percent of group sales alongside Zara Home and Lefties.

    Total Zara store numbers dropped to 1,487 locations by July 2026. The retailer closed smaller footprint units to roll out larger flagship locations integrated with online logistics, while running sub-brands including Zara TRF, Studio, SRPLS and a dedicated beauty range launched in 2021.

    Elevation Strategy Against Ultra-Fast Competitors

    Inditex chair Marta Ortega Pérez steered the brand toward premium fabrics and longer-lasting lines, leaving rock-bottom price competition to cross-border online platforms like Shein and Temu. Her approach shifts Zara from raw turnaround speed toward flexibility and higher unit margins, supported by value subsidiary Lefties across 223 stores.

    Scale gives the retailer pricing use that regional fast-fashion operators struggle to match. Long-term supplier contracts let Zara buy higher-grade textiles at lower unit costs, while internal guidelines cap markdowns to two defined sales periods each year.

    For mall landlords across Asian metropolitan centres like Tokyo, Zara’s migration to massive flagship layouts consolidates prime ground-floor space into fewer, higher-yielding leases. Competitors such as Uniqlo, valued behind Zara at 47th on Interbrand’s 2025 table against Zara’s 41st position, face an Inditex fleet that extracts roughly 85 percent of full ticket prices on retail racks.

    The structural risk sits in production lead times. An entirely new design now takes five weeks from concept to store delivery, up from the 15-day turnarounds achieved in the early 2000s, leaving a wider window for nimbler digital-native rivals to siphon off younger shoppers.

    Centralised Logistics and Asian Sourcing

    Inditex invested more than USD 1 billion annually across 2024 and 2025 to expand warehouse capacity, bringing its new Zaragoza II distribution centre into service in 2025. A 200,000-square-metre design and operations hub opened in Arteixo in October 2025 to house women’s and children’s teams.

    The production network relies on a split manufacturing model. Around half of production comes from suppliers near Spain, including Portugal, Morocco and Turkey, while volume basics like cotton T-shirts are sourced from long-term supplier factories in Asia across a network of 6,684 vendor plants.

    Trend spotters in Arteixo monitor feeds tied to offices in Shanghai, Tokyo and New York, tailoring stock allocations to micro-markets. Japanese stores receive distinct size profiles, Middle Eastern outlets take adapted womenswear, and store inventories mirror local district habits: central Ginza inventory runs closer to Fifth Avenue stock than to suburban floors.

    Store Technology and In-Store Tracking

    Technology deployments across physical units aim to cut handling bottlenecks. Inditex replaced hard security tags with soft tags across all stores by mid-2026 to speed up checkout queues, backed by RFID systems tracking inventory down to single garments.

    Digital selling channels added an artificial-intelligence virtual fitting tool in December 2025, active in 43 markets, allowing shoppers to test collections on digital avatars built from personal photographs.

    The family transition remains anchored by founder Amancio Ortega’s holding vehicle Pontegadea, which controls 59 percent of Inditex alongside commercial real estate holdings in London, Seattle, Paris and South Korea. Ortega, who opened the first Zara store in A Coruña in 1975, ranked 15th on the Bloomberg Billionaires Index in March 2026.

    Bershka opened its first United States store in Miami in August 2026, marking the next expansion phase for Inditex’s non-Zara banners as store counts across the group’s 849-unit youth label realign toward foreign flagship properties.

  • Natura Bissé Targets 102 Million Euros in Hotel Revenue by 2030

    Natura Bissé Targets 102 Million Euros in Hotel Revenue by 2030

    Natura Bissé plans to double revenue from its hotel and spa division to €102 million by 2030. The growth strategy relies on expanded commercial supply deals with international luxury operators.

    That target represents a sharp increase from the €47 million generated across the channel in 2025. The Spanish skincare brand confirmed the projection in Barcelona alongside the renewal of its sponsorship as official spa partner of The World’s 50 Best Hotels.

    Expanding Across Asian Luxury Portfolios

    Current partnerships put the brand in more than 400 properties across nearly 60 countries. Operating partners include Mandarin Oriental, Rosewood, The Ritz-Carlton, Four Seasons, Waldorf Astoria, St. Regis and Grand Hyatt. These accounts give the label direct distribution across premier gateway properties in Tokyo, Hong Kong, Singapore and Bangkok.

    Hoteliers and spa directors across Asia-Pacific now treat branded wellness as a primary revenue driver rather than a secondary amenity. Integrating high-ticket spa treatments with room amenities drives recurring retail conversion when guests buy full-sized formulations after treatment sessions.

    Amenity Supply and Treatment Networks

    Distribution runs through three channels: professional back-bar products for spa therapists, retail counters inside resort wellness centers, and in-room amenities developed with guest-amenity specialist La Bottega. Portions of the amenity proceeds support the Ricardo Fisas Natura Bissé Foundation.

    Rivalry for luxury hotel space across Asia remains fierce. European heritage brands face persistent competition from regional clean-beauty startups and Japanese clinical labels. Master vendor agreements with Asian-headquartered operators like Mandarin Oriental and Rosewood lock in volume. That wholesale stability shields European brands from cyclical swings on department store beauty floors.

    Sponsorship Terms and Commercial Rollout

    Natura Bissé renewed its exclusive category position with The World’s 50 Best Hotels for a second consecutive year. The company will use the 2026 gathering in Paris to show new treatment protocols to hotel executives.

    “Today, hospitality is one of the driving forces behind the new definition of luxury, where wellness has evolved from an added amenity into an essential part of the guest experience,” said Verónica Fisas, chief executive of Natura Bissé.

    Heading into the final quarter of 2026, the five-time World’s Best Spa Brand winner relies on operator deployment schedules to hit its interim 2028 milestone toward the €102 million target.

  • GAC Signs Villarreal CF Sleeve Sponsorship to Back European Electric Vehicle Push

    GAC Signs Villarreal CF Sleeve Sponsorship to Back European Electric Vehicle Push

    Guangzhou Automobile Group signed an official automotive partnership with Spanish football club Villarreal CF on September 10, 2026, securing shirt sleeve branding across European competition.

    Under the agreement signed at the Estadio de la Cerámica, the Chinese automaker’s logo will appear on the left sleeve of Villarreal’s first-team shirts during domestic LaLiga fixtures and UEFA Champions League matches.

    Sleeve Sponsorship and EV Lineup

    GAC is tying the football partnership directly to the rollout of two battery-electric passenger models aimed at European drivers. The carmaker plans to feature the AION V, an electric sport utility vehicle tailored for family buyers, alongside the AION UT, a compact electric hatchback designed for urban commuting.

    Match-day activations, digital campaigns and fan events across Spain and broader tournament stops will give prospective buyers direct access to both vehicles. Placing the brand on a squad competing in continental club tournaments offers immediate television exposure across core Western European markets where Chinese automotive nameplates still struggle with consumer familiarity.

    The European Market Play

    Securing football inventory has become the standard playbook for Chinese electric vehicle manufacturers seeking rapid legitimacy in Europe. BYD took official tournament partner status for UEFA Euro 2024, and GAC is now deploying a similar sponsorship model at club level to bypass the slow, expensive grind of building retail recognition from scratch.

    For dealership groups and fleet buyers across Europe, the sponsorship signals that GAC is committing marketing capital rather than testing the waters with low-volume imports. The commercial risk sits in conversion: high-profile stadium exposure creates top-of-funnel awareness, but turning match viewers into EV buyers requires competitive financing packages, dense service networks and spare parts availability that Chinese brands must build on the ground.

    Expanding the Global Network

    The European push follows earlier sports marketing initiatives by GAC in Latin America and aligns with the company’s broader One GAC 2.0 strategy. That framework divides international expansion across target territories in Asia-Pacific, the Middle East, Africa, Europe, the CIS and Latin America through localized sales channels and aftersales operations.

    Attention now shifts to the commercial deployment of the AION V and AION UT across regional dealer networks, alongside the establishment of certified local repair centers before tournament group matches get underway.

  • Polene Infuses Local Heritage into Design of First Flagship Store in China: Sustainable Luxury in Beijing’s Taikoo Li Sanlitun

    Polene Infuses Local Heritage into Design of First Flagship Store in China: Sustainable Luxury in Beijing’s Taikoo Li Sanlitun

    Polene, a luxury brand hailing from Spain, has inaugurated its first-ever flagship store in China. The new establishment is situated in Taikoo Li Sanlitun, located in Beijing.

    Store Design and Features

    Visitors to the store are initially greeted by a large magnolia installation at the entrance, serving as an attraction for anyone entering the location. The store’s interior design showcases a harmony of modern aesthetics with elements of traditional Chinese craftsmanship.

    The store displays a blend of walnut wood, leather, and Xuan paper, which is a traditional Chinese paper made from Blue Sandalwood tree fibres and rice straw. This incorporation of local elements is a nod to the Chinese culture and heritage.

    Polene has also demonstrated its commitment to sustainability through its innovative use of materials. The brand has upcycled 12 tonnes of leather scraps, transforming them into compressed leather bricks that are extensively used in the store’s interior. This usage of recycled leather offers a distinctive, mineral-like texture, while simultaneously promoting sustainable practices.

    A Three-Level Journey

    The flagship store also houses a unique, three-storey experiential area named “Craft at Work – A Theatre of Artisanship”.

    The journey begins with a representation of a Paris workshop, complete with patacabras, small hammers used for leather crafting. The journey continues with a scene that pays homage to Ubrique, the Spanish town known for Polene’s leather production. The final stage of this experiential journey is a unique setting that transforms a leather atelier into a theatrical environment. Here, miniature bags traverse overhead conveyors, providing a fascinating spectacle alongside larger sculptural pieces.

    New Brand Ambassador

    In tandem with the flagship store’s launch, Polene has announced the appointment of actress and singer Zhu Zhu as its new brand ambassador. The brand praises Zhu Zhu for her confidence and effortless poise, which beautifully encapsulate Polene’s refined, minimalist aesthetic.

    Questions & Answers

    What is unique about the design of Polene’s flagship store in Beijing?
    Polene’s flagship store incorporates traditional Chinese elements such as walnut wood and Xuan paper into its contemporary design, alongside recycled leather bricks made from upcycled leather offcuts.

    What is the “Craft at Work – A Theatre of Artisanship” at Polene’s flagship store?
    This is a three-storey experiential area that guides visitors through a journey of craftsmanship, from a depiction of a Paris workshop to a tableau that transforms a leather atelier into a theatrical setting.

    Who is the new brand ambassador for Polene?
    The new brand ambassador for Polene is actress and singer Zhu Zhu, chosen for her confidence and poise that embody Polene’s refined, minimalist aesthetic.

  • Spain’s Mango plans U.S. expansion after China retreat

    Spain’s Mango plans U.S. expansion after China retreat

    Chief Executive Officer Toni Ruiz said that Spanish fashion retailer Mango is focusing on U.S. expansion after turning its back on China.

    After two previous attempts failed, mango is returning to the United States to offer higher-priced clothes meant for special occasions and parties. It will target states where online sales are already strong.

    The brand is already gaining more recognition in the U.S., dressed actress Amber Valletta for the Oscars after-party on Sunday, Ruiz told Reuters.

    “Something has changed,” he said in an interview at the company’s headquarters near Barcelona. “They now have a different and better perception of European brands.”

    Mango’s U.S. relaunch began with opening a flagship store on New York’s Fifth Avenue in May 2022. That was followed by expansion in Florida. This year, it will open stores in Texas, Georgia and California.

    The company hopes to have 40 stores in the U.S. by 2024, compared with 10 at present. That would place the U.S. in its top five global markets.

    Growth will be supported by the extension of a logistics centre in Catalonia, allowing it to shift 160 million items a year to serve shops and online customers globally, the company said.

    In contrast, Mango closed its remaining two stores in China last year. It maintains four franchise outlets and online sales through Alibaba’s Tmall e-commerce platform.

    “We are divesting in China,” said Ruiz. “We find it unattractive and have decided that it is not the priority for the next three years.”

    Mango reported record sales last year, helped by selling more items at higher prices. Its biggest rival, Inditex-owned label Zara, is expected to report record sales on Wednesday, partly due to its aggressive U.S. expansion.

    The recent aggressive entry of Chinese fast-fashion brands Shein and Temu into the same market is not a concern for Mango, said Ruiz.

    “It’s not our war,” he said. “If you were fighting with these brands you would be constantly lowering prices.”

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  • UBS Bankers in Spain Jumping Ship

    UBS Bankers in Spain Jumping Ship

    UBS sees bankers and managers depart from its Spanish unit prior to its sale to a local competitor. A decision by UBS last year to sell its Spanish unit to Singular bank appears to have led to an exodus of at least eight private bankers and managers, Bloomberg reported Wednesday.

    Two of the departing bankers are said to handle very wealthy clients, while another investment manager with over 16 years experience is joining them.

    The departures add to those who left since UBS announced the sale in October. They include Jose Maria Abril Taboada, who joined Spain’s Bankinter in February, and Jose Maria Gil de Santivanes who in January left for Credit Suisse, the report adds.

    UBS’s European bank led by manager Christine Novakovic, is selling its Spanish branch to Singular Bank, which specializes in digital solutions. Investment banking and fund sales activities in the country are not part of the sale, however.

    The sale, which is expected to be concluded in the third quarter of this year, was to include all client assets and the UBS team in Madrid. In that respect, some new calculations might be due.

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  • Revolut Expands as a Bank

    Revolut Expands as a Bank

    Europe’s most valuable fintech has already amassed 18 million app users worldwide. Some of those are about to become bank customers.

    The London-headquartered neobank is launching as a bank in ten additional European markets, lifting the number of countries it operates in to 28, it said in a statement. The challenger bank can now protect client deposits up to 100,000 euros in Belgium, Denmark, Finland, Germany, Iceland, Lichtenstein, Luxembourg, Netherlands, Spain, and Sweden, using its European specialized banking license.

    In a few clicks clients from these countries will be able to upgrade to Revolut Bank from within the app, it said.

    Deposits will be secured by the Lithuanian State company deposit and investment insurance, it added.

    Over the past few years, Revolut’s rapid level of growth has added pressure on Swiss banks to boost their digital services. Since its inception in 2015 the company has attracted more than 18 million customers globally, it says on its website.

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  • UBS Selling Onshore Business in Spain

    UBS Selling Onshore Business in Spain

    Switzerland’s largest bank is giving up its business with its Spanish onshore clients. This follows a similar move in Austria less than a year ago.

    UBS is selling its Spanish office to Singular Bank according to an emailed statement Monday. This comes after months of speculation that many European markets simply aren’t large enough to warrant a presence.

    Without disclosing the deal amount, the Swiss bank writes in its statement that all client assets, as well as the UBS team in Madrid, are included in the transaction. Investment banking and fund sales activities in Spain will remain with UBS.

    The deal is expected to be completed by the third quarter of 2022.

    Last December UBS Europe sold its business with Austria’s onshore wealth to Vaduz-based LGT Bank. The Spanish onshore business holds an estimated 9 to 12 billion euros ($9.8 billion to $13 billion) in assets under management.

    The Austrian business managed 4 billion euros in assets at the time it announced the sale. Under its three-year plan for 2021 to 2023, UBS Europe is making staying profitable despite the turbulent economic backdrop its top priority.

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  • Papa John’s launches in Cambodia

    Papa John’s launches in Cambodia

    US pizza chain Papa John’s is launching in Cambodia with 15 restaurants scheduled to open during the next three years. The company opened its flagship store in Phnom Penh last month.

    “Papa John’s Cambodia team is truly passionate about pizza,” said Peter Xu, Papa John’s Cambodia franchisee.

    “With our ‘Better ingredients – Better pizza’ promise, we look forward to providing local pizza lovers with quality products and outstanding services.”

    Xu also owns a Papa John’s franchise in New York and other business ventures in Cambodia.

    Jack Swaysland, Papa John’s COO, international, said that following a record year of sales and growth, Papa John’s is well-positioned to accelerate international development, a key pillar for the brand’s long-term growth.

    Papa John’s has restaurants in 48 countries, with the latest new openings in France, Spain, Tunisia, Iraq, the Netherlands, Morocco, Kazakhstan, Kyrgyzstan, Poland, the Bahamas, Pakistan, and Portugal. The company is eyeing expansion in Brazil, Japan, and Southeast Asia.

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  • Steel industry expected to recover this year

    Steel industry expected to recover this year

    Vietnam’s steel industry is expected to recover this year with rising export orders, thanks to improved global demand and surging domestic consumption.

    Market leader Hoa Phat Group last month exported over 12,000 tonnes of products, mostly cold-galvanized steel, to North and South America.

    This followed an export of 10,000 tonnes in January to Belgium and Spain.

    The company targets producing 300,000-400,000 tonnes of steel products this year, 30-40 percent of which are likely to be exported.

    Its competitor Hoa Sen Group last month set a new export record of 121,000 tonnes of galvanized steel worth more than $100 million. The group has a network of over 85 countries and territories, with main markets being the U.S, Mexico, Europe, and Southeast Asia.

    Vietnam’s steel industry is expected to see growth of 5-6 percent this year, with global demand set to rise by 4.1 percent thanks to a recovery in developed markets, according to the Vietnam Steel Association (VSA).

    Other drivers for growth include expectations of rising public investment in infrastructure, the recovery of the real estate market and more foreign direct investment, said VSA deputy chairman Trinh Khoi Nguyen.

    The industry started 2021 strongly, with a 61 percent year-on-year rise in production volume to 2.65 million tonnes.

    Domestic sales in the period rose 55 percent to 2.12 million tonnes, while exports rose 53 percent in value to $553 million.

    These figures indicate robust recovery prospects this year after VSA saw half of its members reporting plunging revenues last year, especially in the first and second quarter, due to Covid-19 impacts.

    However, trade officials have warned that rising safeguard measures could hurt the industry.

    Last month, Indonesia imposed an anti-dumping duty of 3.01-49.2 percent on Vietnam cold steel sheets.

    In January, Malaysia revised duties on cold-rolled coils of alloy and non-alloy steel from Vietnam to 7.42-33.7 percent for the period between January 24 and May 23.

    The U.S. and Canada have also slapped anti-dumping duties on Vietnam’s steel products in recent years.

    The Trade Remedies Authorities of Vietnam has advised local steelmakers to diversify their markets to avoid being punished with such duties.

    Nguyen Thi Thu Trang, director of the Vietnam Chamber of Commerce and Industry’s (VCCI) WTO Center, said that steel producers need to prepare themselves with knowledge of regulations on international safeguard measures and cooperate with other countries’ trade authorities to resolve issues.

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  • Ecoalf opens first Japanese flagship

    Ecoalf opens first Japanese flagship

    Spanish fashion brand Ecoalf has opened its first Japanese flagship store, in Tokyo.

    Located in Shibuya district, the Ecoalf store spans two floors and offers a wide selection of products including the label’s latest collection.

    Designed by Japanese architect Yohei Sakamaki, the store features a sustainability concept ‘Sharing Ecology’, using natural materials such as Japanese bamboo, stone and sand. Interior features include a giant rock named “Date-Kanmuri-Ishi” and wooden panels to create a warm yet modern ambiance.

    A black staircase leads customers to the upper floor which is dedicated to #Actnows, a monthly event held by the brand to raise awareness of sustainability issues.

    “Our aim is to raise awareness of the need to protect the planet and we will continue to accelerate this message,” said Javier Goyenechem, president and founder of Ecoalf.

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  • Spanish fashion label Desigual set for India launch

    Spanish fashion label Desigual set for India launch

    Spanish fashion label Desigual is set to launch in India. The firm is being introduced to the territory by local retail group Tablez, which is first taking the brand online via Myntra before nationwide openings of physical stores next year. Six stores are planned for top-category cities before openings in multiple tier-2 cities.

    “It gives us immense pleasure to bring the international fashion brand Desigual to India,” said Tablez MD Adeeb Ahamed in a Fibre2Fashion report “The brand’s clothing exudes a character that is unique, which helps people express themselves and be the most authentic.

    “Desigual’s characteristic vibrant designs with a flamboyant splash of colors has a huge potential in the Indian market,.”

    “India is a market whose values are very similar to Desigual’s,” said US and CEEMEA VP Asia Pacific Jordi Balsells. “It’s also a young market that is growing and displays great potential. We believe very strongly in India’s potential in the coming years.”

    Desigual operates in nearly 90 countries via 10 sales channels. It is among several leading global brands being introduced to the territory by Tablez, which currently operates more than 70 outlets globally, with plans to expand to 300 outlets by next year.

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  • El Corte Ingles inked global distribution deal with Alibaba

    El Corte Ingles inked global distribution deal with Alibaba

    Spanish department store operator El Corte Ingles is to open a flagship store on Alibaba’s Tmall as part of a broad collaborative approach to reaching Chinese consumers. In a wide-ranging agreement, El Corte Ingles and Alibaba will enable a raft of Spanish and international brands commonly sold in El Corte Ingles department stores, to be sold worldwide via both AliExpress and Tmall.

    AliExpress will consider opening a number of physical stores at El Corte Ingles shopping centres in Spain to create a unique and engaging shopping experience while promoting some of its latest products available to Spanish shoppers. This follows a trial pop-up store in the El Corte Ingles Sanchinarro shopping centre in Madrid earlier this month during Alibaba’s 11.11 Global Shopping Festival.

    El Corte Ingles and Alibaba say they will also explore closer cooperation in delivery and supply-chain infrastructure and channels, allowing Alibaba to benefit from the Spanish company’s logistics knowledge and capabilities in the country, and explore the use of its distribution centres as collection points for online purchases made through AliExpress.

    Smart payments

    El Corte Ingles signed an agreement with Alibaba’s Alipay in March to bring seamless payment experience to Chinese tourists visiting Spain. This may now be expanded, as El Corte Ingles and Alibaba will work on creating new shopping experiences for Chinese visitors.

    El Corte Ingles CEO Victor del Pozo said the agreement will allow the two companies to combine both the physical and online worlds to offer the best shopping experience to its customers.

    “Together, we are writing the future and placing ourselves at the forefront of trade and technology. El Corte Ingles owns department stores in the best locations of the main cities of Spain and Portugal, and is granted with the confidence and trust of national and international customers. All of this, joined to Alibaba’s technology, will allow us to offer a proposal of unbeatable value.”

    Alibaba Group MD for Italy, Spain, Portugal and Greece, and BDM for Tmall in Europe, Rodrigo Cipriani Foresio, said digital transformation and innovation in all fields are fundamental drivers of Alibaba’s mission of making it easy to do business anywhere, with the ultimate goal of better serving consumers and stakeholders worldwide.

    “Hence, we are confident that the expertise and skills brought by both companies will generate incredible value and opportunities as the cooperation takes shape.”

    El Corte Ingles, which opened in 1940, is Europe’s largest chain of department stores.

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  • Apple Piazza Liberty now open in Milan

    Apple Piazza Liberty now open in Milan

    Apple Piazza Liberty has opened in Milan, the latest significant global flagship for the tech retailer.

    The store is an ensemble of two fundamental elements: a stepped plaza and a fountain. Located just off the Corso Vittorio Emanuele – one of the most popular pedestrian streets in Milan – visitors are drawn towards the piazza by the sight of the dramatic new fountain.

    Designed by London-based Foster + Partners, which has an ongoing relationship with Apple to design flagships globally, the store is described as “a celebration of the joys of city life” and embodying Milan’s dynamic nature with a signature water feature which is an “interactive, multisensory experience”.

    Visitors enter the fountain through a glass-covered entrance enveloped by the sights and sounds of vertical jets of water that splash against the 26-foot (8-metre) high glass walls.

    A Foster + Partners spokesperson likens the experience as “an immersive recreation of the childhood game of running through fountains” with an experience which changes throughout the day as sunlight filters through the water. At night, the glass ceiling creates a kaleidoscopic effect, with the water falling down the walls, its reflections travelling infinitely up into the sky.

    The fountain flows down into the base of the amphitheatre, a new social hub and an outdoor extension of ‘Today at Apple’. The amphitheatre is defined by broad and sun-soaked stone steps descending below street level and opening up to a stage, backed by a second fountain’s wall of water. The entire plaza is newly created and paved with Beola Grigia – a typical local stone from Lombardy, and surrounded by 21 new Gleditsia Sunburst trees.

    “The interior is a bright, monolithic space, metaphorically carved out of the same stone as the plaza above,” says Foster + Partners. “The ceiling follows the stepped profile of the amphitheatre, with skylights and backlit ceiling panels that innovatively combine artificial and natural light. Through the roof and stairs, warm shafts of sun penetrate deep into the sunken store, connecting the interior with the light and rhythm of Milan and giving it a feel of a spacious daylight-filled art gallery.”

    The stairs leading into the store consist of polished stainless-steel clad cantilevering treads that also become a sculptural light installation, the designers say creates a theatrical and exciting experience.

    View the full gallery below (7 images) :

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