Gucci is leaving its long-term tenancy on the corner of King and Hay streets, but fashionistas need not panic, with the luxury retailer simply moving to the other side of the street.
Hoardings have been put up around 30 King Street, across the road from the existing Gucci store, which has leased space in a property owned by King Street's biggest landlord, Bontempo Nominees. The hoarding proclaims a new Gucci store will be opening soon.
Review of building permit applications to the City of Perth show there was an application for the hoardings in early July, to be installed for a period of four months.
It does not appear that there has been an application for fit-out works for the building.
Industry sources who asked not to be named have suggested the move is due to a friendlier rental deal being offered by the landlords at 30 King Street.
RP Data's Cityscope lists the owners as Wendy Thompson, Cesare Scalise and Anne and William Grayden.