Fashion Label

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Australian fashion label Willow will be wound-up at the end of September, after owner Apparel Group was unable to find a buyer for the brand.
The Willow online store closed on Monday.
According to a notice on the brand’s website, its four stores in Melbourne and Sydney will close their doors in late September.
Willow was founded by Kit Willow Podgornik, who continued to work for the label as creative director until 2013.
Apparel Group (APG &amp; Co) acquired the brand in 2011 and fashion label sat alongside sister brands JAG, Sportscraft and Saba.
The Smartcompany website said the closure of Willow comes in a tough year for some Australian retailers of women’s clothing as fast fashion wreaks havoc.
The Australian operations of UK brand Laura Ashley entered voluntary administration in January and 20 of the chain’s 38 stores were closed before a buyer was found for the remaining 18 outlets.
Women’s clothing retailer Meredith &amp; Moore entered voluntary administration in March and closed a month later.
The fashion chain Seduce closed its nine Australian stores, after voluntary administrators and liquidators were appointed to the business in August.
According to Brian Walker, chief executive of the Retail Doctor Group, Australian retailers, particularly those that specialise in fashion, are operating in an “increasingly competitive and challenging environment”.
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Willow fashion stores to close

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Pembroke, the investing arm of US fund manager Fidelity, has signed up upmarket Italian fashion label Bottega Veneta as a tenant at the former KPMG office at T&amp;G Building on Melbourne’s Collins Street.
Bottega Veneta, part of French luxury group Kering Group which owns Gucci as well, has leased a 387 sqm store in the T&amp;G Building. It will be the Italian brand’s first first street-level store in Australia.
Gucci already has a presence there and recently expanded into a new 420 sqm. Others include MaxMara and a third luxury retail tenant, rumoured to be an Italian fashion label, The Australian Financial Review reported.
The leasing deal was negotiated by Zelman Ainsworth of CBRE.
Pembroke took over the 1930s T&amp;G Building in a $275 million deal in 2015, hiring architects Bates &amp; Smart to give the 12-storey tower a makeover following the departure of KPMG.
Matthew Knight, head of Australia for Pembroke Real Estate, said there was a distinct lack of space for luxury retailers at the top end of Collins Street. 
"It's very tightly held so any opportunity is highly sought after by new players," he was quoted by the AFR.
The rent amount was not disclosed, but market chatter suggests it be between $3,000 and $5,000 per sqm.
"Luxury brands love to clustered together. It's better for them to have competitors around them as it brings people to the area,” he said.
Earlier this year, services firm <a href="https://www.urban.com.au/expert-insights/investing/65361-pembroke-real-estate-secures-accenture-for-8000sqm-in-melbourne-s-t-g-building" target="_blank">Accenture signed a 10-year lease </a>for two floors at the T&amp;G Building.
 
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Bottega Veneta to add to Collins Street fashion quotient

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Melbourne's 150-year-old Athenaeum Club has leased 400 sqm of retail space to Italian fashion brand Fendi for its flagship Australian store at its high-end premises at the top of Collins Street.
Fendi has taken a long-term leasing deal at <a href="https://www.realestate.com.au/property/85-collins-st-melbourne-vic-3000" target="_blank">85 Collins Street</a> (picture above). 
Market chatter suggests the annual rent is between $1.8 million and $2 million.
The new Fendi store will replace Ashley Opal Jewellers and Watches of Switzerland's Rolex boutique.
Fendi, known best for its "baguette" woman's handbags, is part of the Paris-listed luxury LVMH Group which also owns top brands like Louis Vuitton, Christian Dior and Givenchy. 
Valentino and Yves Saint Laurent are understood to be some of the other luxury brands hunting for luxury space at the "Paris End" of Collins Street, the AFR said.
Valentino and Yves Saint Laurent are understood to be some of the other luxury brands hunting for luxury space at the "Paris End" of Collins Street.
A spokeswoman for the club declined to comment, according to The Australian Financial Review. 
CBRE leasing agent Zelman Ainsworth, who was appointed by the club to market the retail space over a year ago, also declined to comment.
 
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Melbourne's Athenaeum Club leases space to Italian fashion brand Fendi on Collins Street

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Famous Italian fashion designer Versace will soon open its first stand-alone store in Australia, having signed a lease for a store in the revamped T&amp;G building in Melbourne’s Collins Street.
Versace signed a 10-year lease for a 307 sqm company-owned store with prime Collins Street frontage in the former banking chamber.
Italian brands such as Gucci store and Bottega Veneta already trade in the building.
The only other Versace store in Australia is in Westfield Sydney on Pitt Street Mall.
Pembroke, the investment arm of Boston fund manager Fidelity, bought the iconic T&amp;G Building in a $275 million deal in 2015. It has since upgraded the ground-floor shops and the office floors above.
Rents in the new T&amp;G retail arcade streets are understood to have been struck at about $4000 per sqm.
Collins Street is a favourite with luxury brands such as Louis Vuitton, Dolce &amp; Gabbana and Armani.
Matthew Knight, head of Australia for Pembroke Real Estate, was quoted by the AFR as saying that the three luxury tenancies would make a "real statement" at the T&amp;G building's Collins Street entrance and went "hand in glove with other tenants in the area".
He said he did not expect the arrival of Amazon in Australia to have much impact on the luxury retail sector.
"I think people who shop for luxury go for the experience and to get looked after. You don't get that personal touch and attention from shopping on Amazon. I think it will be more the middle-tier retailers that will be impacted," he said.
The Versace, Gucci and Bottega Veneta deals were through leasing agent Zelman Ainsworth of CBRE. Another luxury retailer, Max Mara, is also part of the retail mix.
 
 
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Versace to open first standalone store in Collins Street’s T&G building 

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Australian fashion label Saba is the latest addition to Melbourne’s shopping strip Church Street, Brighton.
Fitzroy agent Mark Talbot negotiated the lease for 38 Church Street, located in the prime of the shopping strip, at $130,000 per annum plus outgoings and GST on behalf of a private owner.
“Church Street has retained its reputation as Melbourne’s best-performing retail strip for some time, boasting a strong mix of national retailers and fashion labels, as well as highly regarded local operators,” Talbot said.
Church Street boasts one of the tightest vacancies of Melbourne’s iconic shopping strips.
Fitzroys’ Walk the Strip report showed vacancies were crunched from 2.7% in 2017 to 1.3% in 2018.
“Opportunities for retailers to secure a prized Church Street location are rare and inevitably fiercely contested, reflecting the strip’s constrained supply and positioning within one of Melbourne’s most affluent and established consumer catchments,” Talbot said.
“Church Street’s enviable fundamentals will continue generating a long queue of retailers and operators seeking space in the strip.”
He said Brighton’s trading environment has been further bolstered with the introduction of medium-density residential developments in what is broadly a low-rise suburb, while the suburb is home to a number of highly sought after secondary schools.
Other transactions completed by Talbot in this section of Church Street, Brighton include prominent brands Lee Mathews and Flannel.
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Saba secures Church Street, Brighton store

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The Double Bay fashion premises of well known designer Carla Zampatti is up for lease.

The first floor, open plan commercial space at <a href="https://www.realcommercial.com.au/for-lease/property-12-bay-street-double-bay-nsw-2028-503375302" target="_blank">12 Bay Street</a>, spans 100 sqm across two levels.

<img alt="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/11/ZAMPATTI%20DOUBLE%20BAY%201.jpg">

Zampatti has owned and operated from the property for over three decades.

1st City's John Knott suggests the space would suit a photographer, graphic design space, yoga studio or offices.

Zampatti owns the majority of the premises where he fashion brand operates.

She owns her stores in Mosman and the fashion empire's HQ in the Sydney CBD.

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