Celine will take over LV flagship store in London

A spokesperson for Celine, a luxury brand under LVMH, said that the brand will take over Louis Vuitton's store at 39-40 New Bond Street in London next year, and the store at Mount Street will not be closed. New Bond Street has become the world’s third highest rented shopping street after Hong Kong’s Causeway Bay and Manhattan’s Fifth Avenue. According to a survey by Cushman & Wakefield, New Bond Street’s rent in the second fiscal quarter of 2019 was $1,714 per square foot.