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SAVILLS PLC

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Savills : German sportswear retailer BSTN secures first UK store on London's Brixton Road

01/20/2022 | 11:11am EDT

Set to become the brand's first store outside of Germany, BSTN has agreed a new 10-year lease for the 3,432 sq ft unit, which is due to open in April.

Founded in Munich in 2013, BSTN has rapidly grown to become one of the leading premium sportswear retailers in Europe, known for its high-end in-store executions and head-turning online campaigns.

Olly Eades, retail surveyor at Savills, comments: "BSTN is quickly becoming one of the most high-profile sportswear brands in Europe, with exceptionally strong sales figures and a world class social media following. In spite of its highly established e-commerce operation, BSTN has prioritised opening a debut bricks and mortar store here in the UK, and Brixton Road in London is the ideal location for this."

Roberto Aufiero, CEO and Co-Founder of BSTN Store, adds: "We're thrilled to start the next chapter of BSTN's journey by expanding our unique premium sportswear philosophy to London. We're looking forward to getting even closer to our community and will do our very best to make a positive contribution to the neighbourhood!"

Disclaimer

Savills plc published this content on 20 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 January 2022 16:10:08 UTC.


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Sales 2022 2 151 M 2 669 M 2 669 M
Net income 2022 115 M 143 M 143 M
Net cash 2022 48,4 M 60,0 M 60,0 M
P/E ratio 2022 14,1x
Yield 2022 3,18%
Capitalization 1 483 M 1 839 M 1 839 M
EV / Sales 2022 0,67x
EV / Sales 2023 0,61x
Nbr of Employees 39 118
Free-Float 93,0%
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Number of Analysts 4
Last Close Price 1 073,00 GBX
Average target price 1 403,00 GBX
Spread / Average Target 30,8%
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John Jeremy Mark Ridley Group Chief Executive Officer & Director
Simon James Blouet Shaw Group Chief Financial Officer & Executive Director
Nicholas Ferguson Non-Executive Chairman
Stacey Lee Cartwright Senior Independent Non-Executive Director
Florence Tondu-Melique Independent Non-Executive Director
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