High-end clothing and footwear retailer Tessuti has agreed to take over 21,500 sq ft flagship store in the Jervis shopping centre in Dublin formerly occupied by Topshop.
The Henry Street store is due to open for Easter 2023 and will bring Tessuti's total number of stores to 35 following the opening of an outlet at Belfast's Victoria Square this year and a further flagship in Glasgow next year.
The company, which stocks brands such as Polo Ralph Lauren, Emporio Armani, Billionaire Boys Club, Mallet, Moose Knuckles, and Versace Jeans Couture, has already established locations in Liverpool, Manchester, Chester, and Leeds.
Tessuti has agreed to take a long-term lease on the property at the Jervis, which itself has over 80 retail, food and beverage units as well as car parking and an adjacent Luas stop.
James Air, head of group acquisitions at Tessuti, commented: “We are thrilled to be bringing Tessuti to the heart of Dublin’s shopping district, in such a large and prominent store.
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"Our access to so many luxury and premium brands will mean we can bring something completely new to the city. The latest Tessuti store concept is unparalleled and has been extremely well received in our other new stores. We are aiming to go bigger and better in Dublin.”
"The news of Tessuti coming to not only Ireland but Jervis is a long awaited and fantastic addition to Dublin’s city centre," said Darragh Cronin of Savills, the commercial property agent representing the landlords of the Jervis.
"With the city centre's retail scene thriving after the Covid closures this will be an excellent new destination for the area. With the arrival of JD to the centre several years prior the core trading pattern of Henry Street/Mary Street shifted.
"Tessuti will now add to the nucleus of fashion retailing adjacent to JD, Penneys, Pull and Bear, New Look, Stradivarius, Arnotts and Zara.”
Lancashire-based Tessuti retails clothing, footwear and accessories across menswear, womenswear and childrenswear.
The latest accounts for Tessuti Ltd, which also operates the Scotts brand, show turnover of £101m and profit of just over £1m in the year to the end of January 2021, bringing its net assets to £5.8m.
The group reduced store numbers from 61 to 59 in what was the first year of Covid, and saw turnover fall 5.6%, while making a comprehensive profit of £851,000, compared to a loss of £466,000 in 2019-2020.
Photo: A Tessuti shopfront. (Pic: Savills)
