The DFS Group is closing the Fondaco dei Tedeschi store in Venice, Italy which opened in 2016.
– The challenging economy impacting the luxury industry and the travel retail sector is leading DFS Group to close the commercial activities of theIn a statement on Friday issued from DFS’s Hong Kong headquarters, the group said the “difficult decision” was made after “careful consideration” and that it would not renew the lease that ends by September 2025.“In this transition phase, our primary goal is to minimize the social impact for our dedicated team,” the statement said.
The Fondaco dei Tedeschi store opened with high expectations and a lot of media attention , also given its unique location, in a 13th-century building restored by the owner, the and his architectural studio OMA. The interiors were designed by Jamie Fobert, celebrating the city’s treasures via carpets, tapestries, displays and fixtures that incorporated elements of Venetian art and architecture in a subtle way.
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