Zara Shuts Shop, Purple Style Labs Enters Iconic SoBo Building
Zara has shut its flagship store in South Mumbai’s iconic Ismail Building after nine years, making way for luxury fashion chain Purple Style Labs. The new tenant has leased nearly 60,000 sq ft of retail space for five years, with an initial annual rent of ₹36 crore. The lease marks a significant shift in Mumbai’s high-end retail landscape, as PSL expands its presence in the luxury fashion sector.
