The luxury brand Hermes is set to open in 2023 a large, new store as part of a redevelopment and expansion of a mall in the Los Angeles Valley.

An expansion and redesign of a Westfield mall in the Los Angeles Valley is getting a big boost of luxury with Hermès signing on as its new anchor tenant.

Hermès just leased a 7,500-square-foot space at the Westfield Topanga, taking over a location formerly occupied by Sears, a longtime anchor tenant for malls and shopping centers throughout the country. This will be one of the first instances of a single luxury brand being an anchor tenant in a mall  historically, such a tenant is a department store that is offered a steep discount for a long-term lease. But such stores have been declining in popularity for several years. Continue reading →