High-end French candle brand Diptyque has agreed a deal to open a new store on London’s New Bond Street.
Diptyque, which also sells perfumes and hand lotions has signed for 5,000 square feet and will trade over three floors at 107 New Bond Street.
The retailer has six stores in the capital, and its next branch sits within a development of four buildings owned by a private Hong Kong investor.
In addition, space at 108 and 109 New Bond Street will shortly go under offer to fashion and luxury accessories brands, according to property agent Savills.
Savills’ Anthony Selwyn, acting on behalf of the private landlord, said: “Much like the majority of global retail, Bond Street did experience a softening of activity during the pandemic. However, we are already beginning to see the return of rental growth on the street demonstrating that luxury continues to be the most resilient sector within retail.”
He added: “London is still one of the most active luxury markets in the world, with much of the activity centred around Bond Street. The opportunities presented through development north of Brook Street will extend the luxury thoroughfare further, linking with the major Crossrail hub in Hanover Square.”
