Vagabond Studio is the first Romanian retailer who enters British market following an investment of approx. 800.000 euro.
The store, opened this May, is located in the Eastern part of London, in Westfield Stratford City. This is the 4th-largest shopping center in the country by retail space.
Vagabond Studio ”Made by Society” concept store occupies an area of 225 square meters, with a team of 15 sale people.
In Romania, the brand is a top-perfoming retailer in terms of sales per square meter. Since 2014, the company opened 14 stores in shopping center and has reached a team of 300 employees.
Its manufacturing facility is based in Botosani, the Romanian hometown of the founding family.
UK is one of the largest consumer markets of the world, according to the World Bank, and the 3rd retail market in Europe, after Germany and France, in terms of turnover.
In 2021, the retail sales in UK were worth over 465 billion British pounds, according to Statista.com. Also, the retail industry consists of over 300,000 separate businesses and over 3 million employees, which represents over 8% of all UK jobs.
At the same time, UK is the second largest commercial real estate market in Europe, reaching 1.3 billion British pounds in 2021, according to Statista.com data.