Published on Jan 9, 2013
http://www.euronews.com/ The almost certain departure of the Virgin Megastore from the Champs Elysées is part of the transformation of one of the world's most famous shopping streets.
Although the books-to-music retailer did get 20 percent of its revenue from that one shop,it paid dearly to be there.
Sky-high rents mean that businesses like Virgin, as well as cinemas and restaurants, are being priced out of the central Paris avenue.
...Although the books-to-music retailer did get 20 percent of its revenue from that one shop,it paid dearly to be there.
Sky-high rents mean that businesses like Virgin, as well as cinemas and restaurants, are being priced out of the central Paris avenue.
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