Other companies that may enter the market include UK billionaire Philip Green’s Top Shop, Guess Inc., Claire’s Stores Inc., L’Oreal SA‘s Body Shop International Plc and Nestle SA‘s Haagen-Dazs, according to the newspaper.
Luxury brands are looking for rental property on Budapest’s Andrássy Avenue, home of the State Opera House, where LVMH Moet Henessy Louis Vuitton SA opened its store last year, Napi said. High street retailers are more likely to open stores on Váci Street or in shopping malls, added Napi Gzdaság.
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