'Karl Lagerfeld opens Madrid store in Spain's prime neighborhood.'

In Madrid, more and more brands are popping up ahead of the Christmas campaign. The latest to request a space on one of the capital's main shopping streets is the brand of the now deceased German designer Karl Lagerfeld. The opening of the store in the heart of Fuencarral Street became known thanks to information received from idealista/news. The fashion brand is currently owned by the fashion distributor group G-III.

The company will open a store under the Karl Lagerfeld Jeans brand, targeting Generation Z with a lower average price compared to the main line. The firm, led by creative designer Hoon Kim, together with Karin Ruafel, will have its own logo and independent design team. 10% of products from''s first Karl Lagerfeld Jeans collection will be made of denim. Karl Lagerfeld Jeans will take over the space previously occupied by cosmetics brand MAC, which recently closed its doors at 31 Fuencarral.

The Karl Lagerfeld brand, founded in 1984 by the eponymous German designer, has more than two hundred stores in France, the UK, Germany, the US, UAE and China, and is present in multi-store locations in sixty countries. In 2015, G-III, which owns Dkny, acquired a stake in Karl Lagerfeld and acquired the license to distribute the fashion, accessories and footwear brand Karl Lagerfeld Paris. In May last year, the company acquired full control of Karl Lagerfeld for $210 million, buying back 81% of the shares not owned'G-III has been acquired by a group of investors led by Fred Gehring. G-III's goal is to expand the company internationally, with an annual turnover of around two hundred million euros (excluding North America).

I have been working as a journalist at idealista/news since 2018, covering information related to real estate in Catalonia and the rest of Spain. With more than 7 years of experience in the construction industry, my specialty is national real estate operations, with a special focus on retail and offices. I am a journalism graduate from the Universitat Autònoma de Barcelona (UAB) and a technical specialist in audiovisual production.