Changes along the Champs Elysées

01/9/2013 | Sydney Morning Herald (Australia), The

Retail rents on the Champs Elysées in Paris have made the street the third-priciest in the world, according to Cushman & Wakefield, in large part because tourists flock there to shop and take their pictures in front of luxury stores like Louis Vuitton. The street has been undergoing a transformation, with cinemas and fast-food outlets moving out and international brands including Abercrombie & Fitch, Banana Republic and Gap moving in.

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Sydney Morning Herald (Australia), The

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