Italian shoemaker pays record rent at London store






Italian luxury shoemaker Salvatore Ferragamo is close to agreeing a deal to pay a record UK rent at its Bond Street store that will break the 1,000m pounds ($1,576) per square foot mark for the first time, a source familiar with the deal told.


The deal would break the previous record of 965 pounds per square foot for the valuable Zone A front section of a store set by jeweler Piaget on the same glitzy central London shopping strip in December
2009.