Coolway to debut in UK
Coolway, the Spanish shoe and accessories brand, has announced plans to open its first UK store as it continues to expand across Europe.
The retailer has acquired a 4,500 sq ft flagship store at 153 Oxford Street for an undisclosed fee. The store, which was previous occupied by Playboy Entertainment Group Inc., is set to open in September 2011 and will carry the brand’s range of contemporary shoe styles and growing line of accessories, including bags and jewellery.
CB Richard Ellis (CBRE) has been retained as the exclusive leasing agent and is instructed to acquire two more stores at approximately 1,200 square feet at prominent locations in Central London. CBRE’s cross border retail team is also instructed to advise on Coolway’s continued expansion throughout Europe and will seek to acquire new stores in locations, including Germany and Italy.
Kevin Farrow, senior director Central London Retail, CBRE, commented: “Coolway is an extremely popular fashion brand from Spain that believes in creating diverse and stylish footwear for young people. Its flagship store will be a fitting addition to the rapidly improving area east of the Circus. CBRE has been retained as the exclusive agent to advise on Coolway’s entry into the UK market and we are also looking at suitable locations for two further stores in prominent retail destinations in Central London.”
Coolway, which was established in Valencia in 2003, currently operates more than 100 stores across Europe.
