Jigsaw is looking to re-enter the market in Ireland after pulling out of it almost eight years ago.
The fashion clothing retailer traded in Ireland until 2007 when they sold their lease to fashion chain Ted Baker for a premium of more than €1.4 million, but will be returning shortly with a new retail outlet in Dublin city centre.
The company’s new 860sq ft store will pay rent of about €100,000 per annum and will be placed with neighbouring traders including TM Lewin and Timberland.
BNP Paribas Real Estate acted for the landlord of the premises while London-based Orme Retail advised Jigsaw.
After Jigsaw’s parent company Robinson Webster Holdings posted a pre-tax loss of £21.2 million in 2011, the retailer appointed Peter Ruis as CEO in September 2013, who joined from John Lewis where he revolutionised the department store’s tech, fashion and home offering. He has since revived Jigsaw and restored its reputation as a competitive fashion house.
The brand emerged as a Christmas winner last year, when their underlying rose by 10%, after refusing to participate in the frenzy of discounting in the run-up to the holiday. Jigsaw said total sales increased by 13% in the five weeks to January 3rd 2015.
