herald

Tuesday 13 November 2018

Abercrombie & Fitch tipped to take former Habitat store

ONE of the world's top fashion retailers, Abercrom-bie & Fitch, may open a store in Dublin city centre.

It comes as the company's junior brand Hollister has announced it will open a large outlet at Dundrum Town Centre.

Abercrombie & Fitch (A&F) is in advanced negotiations to launch its first Irish outlet directly opposite the Bank of Ireland on College Green in Dublin 2.

The US retailer has targeted the former Habitat building, which has a floor area of 1,021sqm over three floors. Estimates suggest it could command a rent of around €750,000 a year.

Rumours in the commercial property sector four years ago had it that A&F would be interested in moving in to Grafton St "if a suitably sized store became available".

An Abercrombie outlet at College Green would boost Grafton Street's image after a series of closures.

It would follow the move by another major US trader, Forever 21, which opened its first European store at the Jervis Centre off Mary Street last week.

Businessman Paddy McKillen is the main shareholder in the Jervis Centre. He is also a key investor in Clarendon Properties, owner of the former Habitat store.

A&F revealed this week that its third-quarter net income rose 29pc, boosted by stronger international results.

CEO Mike Jeffries said: "We just are doing more business in Europe."

comurphy@herald.ie

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