Milan’s Galleria Vittorio Emanuele II.

MILAN — Chanel is opening a new store in Milan’s shopping arcade Galleria Vittorio Emanuele II.

The 1,292-square-foot space, spread over three levels, is currently occupied by Viganò, a boutique established in 1919, which sells hats and custom jewelry.

The French fashion brand is to pay an annual rent of more than 314,000 euros, or $351,000 at current exchange. The rental agreement signed between Chanel and Milan’s Municipality is to expire in June 2020.

The store, the second in Milan operated by Chanel alongside the flagship on Via Sant’Andrea, is to sell the label’s accessories and beauty products.

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