Cushman & Wakefield was responsible for this placement, representing the building's owner.
Penhalta, a global leader in ceremonial accessories and clothing, has more than 25 years of experience in the market, and is currently present in 8 countries, with a total of 10 own stores, 8 franchises and 85 corners. Miguel Peñalta, one of the people responsible for the brand, says “Penhalta offers a unique experience, and the attention to detail, as well as the energy and passion with which we make couples' dreams come true, are our core virtues”.
Isabella Jurado-Blanco, an associate of Cushman & Wakefield’s retail department, said
“Penhalta has chosen Avenida da Liberdade to open its flagship store because this is the most suitable location for the brand's position. The avenue is the preferred location for luxury shopping by both tourists and local consumers, which affords substantial recognition to the national and international brands located here."
Avenida da Liberdade currently has multiple and international operators occupying a sales area in excess of 17,000 m2, of which around 80% are international brands. Fashion is clearly dominant, accounting for 64% of the total area.
Recent store openings include MiuMiu, Gucci, Boutique dos Relógios Plus and Officine Panerai, and Cartier, Guess, Max Mara and Torres Joalheiros are all expected to open stores in the near future.