Westfield Corp., the shopping group that owns Westfield Stratford and Westfield London, is planning a multimillion-pound investment in The Village, the cluster of luxury stores at Westfield London. The infusion will help current stores in the area to expand or help brands relocate to bigger spaces.
In addition, seven stores are set to open, including Claudie Pierlot, Jigsaw, Sandro, Versace and Versus Versace. Whistles will open a 2,957-square-foot space while Hackett has revamped its shop.
Westfield will also offer a personal styling service called the Fashion Lounge on the second floor.
These upgrades are a result of increased shopper demand for luxury goods. According to Westfield, luxury spending grew 7 percent in 2014, and represented annual sales of 10.1 billion pounds, or $15.9 billion at current exchange, in the personal luxury goods market in London.
“Westfield London is rated the number-one shopping center in the U.K., and is in the top-five tourist shopping destinations in London,” said Keith Mabbett, Westfield’s director of leasing.
The Village was the first luxury offer inside a shopping center in the U.K., and has proved popular, attracting more than 100 million visitors since opening in 2008. “We pride ourselves on creating exciting and innovative places for our customers,” Mabbett added, “and this major investment in The Village is an important part of this strategy.”