29 January 2019
Prada Group chooses Mount Street as first international site for Marchesi 1824 pastry shop
Marchesi 1824 to launch at 117 Mount Street, Mayfair in 2019
- Mount Street pastry shop will be the first location outside of Milan, Italy
- The Prada Group-owned pastry shop will offer its world-famous Panettone, signature chocolates as well as confectionary alongside coffee, tea and other refreshment
Grosvenor Britain & Ireland (‘Grosvenor’) announces that Marchesi 1824 – the historic Milanese pastry shop founded in 1824 – will expand internationally, selecting Mayfair’s Mount Street to open its first store outside of Italy.
The Pasticceria Marchesi, which Prada Group bought the majority share in 2014, will open at 117 Mount Street and encompass a pastry counter, bakery and café, offering freshly baked pastries, cakes, biscuits and sweets, as well as the finest chocolates and traditional Italian ice-cream. The terms of the lease are not disclosed.
Since 1824, the Marchesi family-run pastry shop earned an increasingly widespread reputation for its handmade confections. The original shop in Milan – located at via Santa Maria alla Porta - has maintained an authentic atmosphere, preserving its original early 20th century features, and has remained faithful to its founding traditions of using the finest ingredients, with the highest craftsmanship and attention to detail.
Today, with an addition of two locations across Milan (at Via Monte Napoleone and Galleria Vittorio Emanuele II), it has become a cherished port of call for an eclectic and cosmopolitan clientele.
Keith Bailey, Mayfair Director, Grosvenor Britain & Ireland, said: “We are delighted to welcome Pasticceria Marchesi to Mount Street. This café and shop, a new amenity for locals and visitors, will grow the openness and appeal of our London estate. On top of that, Prada Group’s legacy and credentials chime perfectly with Mount Street’s boutiques, heritage brands and restaurants.”
Paul Souber, Co-head of UK Retail, Colliers International, said: “Prada’s choice to open Marchesi on Mount Street further demonstrates this area’s diverse shopping and dining scene and is testament to Grosvenor’s commitment to exceptional place making in this thriving part of the London. Shoppers will be able to pop in for a Milan-style coffee in between perusing London’s most stylist luxury fashion destinations.”
One of London’s most stylish streets, Mount Street is a global luxury retail destination with an enclave of international designers and luxury brands including Roksanda, Christopher Kane, Celine, Simone Rocha, Scott’s restaurant and the newly opened MATCHESFASHION.COM.
Colliers International acted on behalf of Grosvenor and Harper Dennis Hobbs acted on behalf of Prada Group.
For more information contact:
Lauryn Cooke, Consumer Media Relations Manager, Grosvenor Britain & Ireland
+44 (0)20 7312 6357
Prada Group Corporate Press Office
Marchesi 1824 Press Office
Notes to Editors
About Grosvenor Britain & Ireland:
Grosvenor Britain & Ireland creates and manages high quality neighbourhoods that are great places to live, work and visit. Our diverse property development, management and investment portfolio includes Grosvenor’s London estate of Mayfair and Belgravia and other developments in London, Oxfordshire and Cambridgeshire.
We are part of the Grosvenor Group, one of the world’s largest privately-owned property companies, which develops, manages and invests in property in more than 60 cities around the world.
As at 31 December 2017, Grosvenor Britain & Ireland had assets under management of £5.2bn.