Luxury Shop In Budapest Andrássy Út To Close
- 2 Jul 2015 12:33 PM
After two years of operation, luxury clothing shop Il Bacio di Stile will close down on July 31, its owner company Dolcer has announced. The shop on Andrássy út in Budapest’s Sixth District was loss-making due to high costs and lower spending by tourists, Dolcer added. Dolcer’s owner, pornography mogul György Gattyán, has invested Ft 18 billion in the project over the past seven years.
The luxury shop will sell off its stocks at 80% discount.
The closure is unrelated to the tax authority investigation of Gattyán launched three weeks ago, Dolcer said.
Source: Hungary Around the Clock
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