Louis Vuitton Moet Hennessy Group is set to open 12 retail spaces in Chatswood Chase, as part of a major luxury redevelopment of the centre by Vicinity Centres.
Vicinity Centres confirmed the news in its FY25 annual report and trading update, which reported that the transformation of Chatswood Chase into northern Sydney’s fashion capital is on track with pre-leasing now largely complete and the first phase set to commence opening from late October 2025, in time for Christmas.
"Having the right strategic partner which owns, manages and importantly, actively invests in maintaining and enhancing the best retail assets is critical," Vicinity shared in its annual report. "Like Chadstone, and QueensPlaza in Queensland, the revitalised Chatswood Chase was a natural next step in the expansion of our partnership with LVMH.”
Vicinity did not confirm which LVMH brands will be opening up stores in the centre. LVMH manages 75 Maisons, according to its website, covering wines and spirits, fashion and leather goods, perfumes and cosmetics, watches and jewellery, and selective retailing. This includes brands such as Sephora, Bvlgari, Tag Heuer, Celine, Christian Dior, Fendi and it’s staple brand Louis Vuitton.
In the first half of 2025, LVMH reported a 4 per cent fall in its total revenue, which hit €39.8 billion (~A$71.8 billion).
The luxury space at Chatswood Chase is also set to include other “market leading” retailers, according to Vicinity.
This news comes as total retail sales across Vicinity Centres’ portfolio lifted 2.8 per cent in FY25. The top key growth category was leisure, where sales grew 11.5 per cent in the full year, and 13.8 per cent in the second half, driven by athleisure, video gaming and pop culture trends.
Food retail came next on the ladder in full-year MAT sales, up 7.3 per cent, followed by homewares, (5.5 per cent), retail services (5.1 per cent) and food catering (4.8 per cent).
In the fashion space, jewellery reported a 4.1 per cent full year sales lift, which was up 8.2 per cent in the second half. Vicinity cited luxury as a key contributor to jewellery sales growth.
Apparel and footwear recorded the lowest growth across the categories in full year, up 0.6 per cent. This rose to 1.1 per cent in the second half.
Across store types, department stores also struggled, with MAT sales up 0.7 per cent for full year. This was up 3.3 per cent in the second half.