Christian Dior to open inaugural Perth store

Another luxury retail store will make itself home in Perth’s CBD after Lease Equity brokered a deal for Christian Dior to open its first boutique in Western Australia.

The top French fashion house, which also specialises in accessories, makeup and fragrances, will open its inaugural storefront in the state at 277 Murray Street within Wesley Quarter.

The Dior boutique will span 850 square metres of real estate across two levels in the heritage-listed Queens Building on the corner of Murray and William streets.

Once its doors open to shoppers in late-2024, the store is poised to take the record for the largest luxury retail footprint in Perth, according to Lease Equity.

It will join the strip of neighboring high-end retailers including CHANEL, Tiffany & Co, Louis Vuitton and Watches of Switzerland. 

Lease Equity managing director Jim Tsagalis said the store would be iconic.

“The demand for luxury products continues, and the Perth CBD will see the biggest change in its retailing landscape in the last 30 years," he said.

"We will be making some more announcements very soon, including some of the biggest international luxury brands not yet in Perth that are about to open. The interest in Perth is testimony to the strong domestic economy and buying power of the Western Australians."

"Luxury retailing continues to buck the retail trend across the world and now Perth. The luxury segment has grown by over 35 per cent globally since before the onset of COVID 19. The size of the market has grown to almost $5.5 billion."

The Dior deal marks the latest move of luxury retailers to Murray Street after CHANEL relocated its store from King Street to the heritage-listed Wentworth Building. 

Earlier this year, luxury jewellery brand Cartier was confirmed to move into one of the tenancies at the Fauldings Building, with the second vacancy believed to be taken by Italian fashion house Fendi. 

Christian Dior is owned by giant French multinational LVMH, which has 75 fashion and cosmetic houses such as Fendi, Givenchy and Sephora under its belt.

In 2021, the conglomerate bought Tiffany & Co for US$15.8 billion under what is believed to be the biggest luxury brand acquisition to date.