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Luxury stores are ready for their festival close-up following devastating floods that hit the Cote d’Azur during MIPCOM in October. The damage added up to more than 400 million euros (about $450 million) in Cannes alone. “We had 800 companies and shops that were affected,” Mayor David Lisnard tells THR. But festival chic won’t suffer, with most shops back in business and a trio of high-end brands opening new outposts — and with the euro at about $1.15, only 10 cents above its 12-year low in March 2015, there are bargains to be had, especially when you figure in the 12 percent VAT refund (well worth the extra time at the airport for a four-figure splurge).
7, Boulevard de la Croisette, 04 92 98 98 00
Festivalgoers are in for double the Dior this year, as the French luxury brand moves into its new three-story digs across from the Palais, opening on the first day of the festival. Inspired by the Avenue Montaigne shop, the interior will echo the gray and white palette of that historic Parisian boutique and will feature a mural from French artist Oyoram. Shop for both men’s and women’s accessories and clothing, including the Diorever bag (about $3,800 for the gold version shown in the ad campaign featuring Jennifer Lawrence).
VAN CLEEF & ARPELS
17, Boulevard de la Croisette, 04 97 06 29 90
For diamonds to go with your Dior, the new Van Cleef & Arpels boutique is just 10 doors down. Previously housed inside the Majestic hotel, the luxe jeweler opened its stand-alone store in July. Akin to an art deco-inspired apartment with gold-leafed walls, velvet chairs and crystal chandeliers, the large interior is sprinkled with lounges where you can cozy up to your Alhambra pieces.
41, Rue d’Antibes, 04 93 39 05 15
Legacy luxury brand Weill launched its second boutique (after its Champs-Elysees shop) with a Cannes flagship in late April. The Parisian company, started in 1882, was feted with an exhibition at the Musee de la Mode in Paris for its 100th birthday. The latest collection by Weill, now run by the fourth generation of the family, is all bright belted coatdresses (about $440) and bubble-gum boucle jackets (about $600), recalling Umbrellas of Cherbourg-era Catherine Deneuve.
This story first appeared in the May 13 issue of The Hollywood Reporter magazine. To receive the magazine, click here to subscribe.
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