Luxury brands like Omega, Louis Vuitton or Hermès are shaking up the commercial real estate market in Luxembourg City with more openings anticipated.
There is a market for luxury goods in Luxembourg and customers can be seen queuing outside high-end stores as coronavirus measures set limits on the number of customers in shops.
Watchmaker Omega only a few days ago opened a flagship store at the corner of Rue Philippe II and the Grand-Rue, a first in the Benelux for the Swiss brand, which has only 12 points of sale of this type in the world.
Also on Rue Philippe II, the Hermès boutique is currently undergoing a makeover, confirming it will stay in the capital, while a few meters away, Louis Vuitton last November upgraded its space by moving to the old Bonn Frères furniture store.
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