Burberry Will Close The Spanish Plaza Store In Rome Because Of The High Rental Cost.

According to the European Union's Internet union quoted by the European Union News Agency, the Spanish Plaza in the capital of Italy has long been known in the world luxury business circle. Every year, countless movie stars, celebrities and wealthy merchants come here to shop, and many world-class brands will also set up shop here in Rome.

As a result, the price of shops in Rome's Spanish Plaza is very expensive, which is not acceptable to ordinary businesses.

It is reported that the British world class brand Burberry (Burberry) luxury goods in 2004 formally entered the eighteenth Century building, No. 61, the Rome Plaza, the Spanish Square.

Recently, the Burberry rent contract has expired, but the rent of the store has doubled. Burberry headquarters in London has decided not to renew the contract.

The Berbera brand store in Rome's Spanish Plaza will be closed in mid May, and the company will find another place to operate.

According to insiders, Burberry's rent contract has expired, and the owner has nearly doubled the price of the new contract.

The annual rent of Burberry's 740 square meter store will increase from the current 3 million 500 thousand euros to 6 million euros.

Burberry failed to reach an agreement with the owner on the rental price of the exclusive store, and Burberry decided to withdraw from the Spanish Plaza.

Burberry announced that it will close the Spanish Plaza store in mid May.

The statement also stressed that Burberry will remain in Rome. The company is actively looking for Rome suitable for Burberry.

It is reported that Italy is one of the most important markets for Burberry luxury goods.