Under cosntruction, yet still looking FIERCE! | (image source) |
Practically snack in the middle of the Iberian Peninsula, Madrid is the center of everything culture and cool! It is the ground of fantastic museums (art, art, ART!), restaurants, history, NIGHTLIFE!, and shopping, of course! Considering all this (and its zest and life), the city ranks as 10th in the world for the Most livable city as according to Monocle; it ranks as the 12th greenest city in Europe, if you care. Oh, and Madrid is a major European financial hub. With a populace of more than 3.2 million residents, it is the third largest city (behind London and Berlin) in the European Union; it remains the third city in Europe (behind London and Paris) when including its metropolitan area of 6.2 million people! There is no doubt about it: Madrid is a global city worthy of Abercrombie & Fitch!
It is within this global city that the Company has acquire the perfect location for its next great flagship. A&F Madrid is to be housed inside the beautiful No.5 structure located on exclusive Plaza del Marqués Salamanca at the corner of Salamanca and Calle de Ortega y Gasset. And let me tell you: A&F loves strategically placing its flagship stores on street corners. The position provides the perfect spot to showcase the brand by allowing it to prominently stand out in all its FIERCE glory. Oh, and stand out it does! For months now, the entire building has been hidden from public eyes by a towering construction wall plastered with imagery of half-naked males. (The photography is from Christmas 2009). Architectural renovations have been underway behind the wall "top-to-bottom." Abercrombie & Fitch has a penchant for high detail and design, and it strives to preserve the architectural heritage of every location is acquires for its flagships. There is a focus on restoring the original, significant aesthetics, all the while implementing the prototype for the iconic A&F flagships. Mike Jeffries (chairman and CEO, the man who made A&F what it is today) has called A&F Madrid "fantastic," so says CincoDias.
When complete, A&F Madrid will be a marvel to FIERCE shopping. The flagship is estimated (as of what we know so far) to offer up to 14,000 square feet. And while we are on the topic of figures, the leasing price is expected to be very high. Plaza del Marqués de Salamanca is one of the most exclusive slabs of pavement in all of Madrid; it is located in the upscale and historic Salamanca district, after all. Factor in the costs for the renovations and the expenses needed to operate the flagship store...yeah, a lot of €€€! That Abercrombie & Fitch will be in good company among such high-end retailers - Chanel and Louis Vuitton to give you an idea - is utterly priceless. After your shopping at A&F Madrid, maybe a drink at the nearby Moët & Chandon champagne bar will make the perfect rest after a day inside the hottest store in town...
P.S. If you just happen to be living in Madrid, Abercrombie & Fitch is currently still holding available positions for A&F Madrid.