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East London's Shoreditch is set to become a mini Bond Street, with a raft of upmarket brands eyeing the area. Parisian high-end footwear retailer Christian Louboutin – whose shoes sell for more than ￡350 a pair – is in talks to take a store on Redchurch Street.
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Trendy boutique Start is a resident on Rivington Street and, last month, Hermès opened a pop-up store to promote its scarves and tap into the fashionable, and now rich, Shoreditch shoppers.
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But rents in the area are still no more than ￡35,000 a year for a 700 sq ft shop, compared with ￡1m a year in the West End of London.
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