By  on August 7, 2014

LONDON — The Valentino boutique on Sloane Street was the latest target of a smash and grab theft in the city early Thursday morning.

London’s Kensington and Chelsea Borough police said today that a gang of five suspects on three mopeds pulled up to the store just after 12.30 a.m. Thursday, and used a moped to force open the door. They then “made off with a quantity of high value handbags,” the police said. While British press reports said the suspects stole around 20,000 pounds, or $33,711, worth of handbags, a spokeswoman for the police said that figure wasn’t confirmed.  A Valentino spokesperson could not be reached for comment at press time.

Police responding to the incident early Thursday made one arrest in west London – though they recovered no stolen property - and are holding the male suspect in custody at a police station there. The police said their investigation into the incident is ongoing, and that it is “too early to say” if the incident is linked to other similar raids on luxury stores in London. The Valentino theft follows a burglary at the Moynat store on Mount Street in June and a theft at Chanel in Brompton Cross in April, when 26 bags were stolen.

The London incident also comes on the heels of the theft of a truck carrying Louis Vuitton leather goods in a town near to Paris Wednesday evening. According to AFP reports, thieves who forcibly stopped the truck stole Louis Vuitton goods with a retail value of more than 400,000 euros, or $534,600 at current exchange.


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