Marc Jacobs to open new store in Paris

Marc Jacobs will be opening a new store in Paris this spring on the Rue Saint-Honoré. When the new space opens, three other locations—housing women's resort wear, accessories and the Bookmarc concept—will close their doors forever.

The space will be about 800 sq. ft. and will showcase the spring 2016 women's collection, reported Footwear News. Other collections may be added during a second phase.

Over the summer, Marc Jacobs shuttered his Collection store after nine years in the Palais-Royal. The plan was to focus on creating a new brand that combined his top line and the recently ceased Marc by Mac Jacobs brand.

The company stopped production of the Marc by Marc Jacobs label in March in order to create products at a higher price point and refocus on retail stores. The company hopes to host an initial public offering at some point.

Other brands that recently made real estate moves to the Rue Saint-Honoré in Paris include Tory Burch and Coach (NYSE:COH).

For more:
-See this Footwear News article

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