Sad news - Il Bacio di Stile in Budapest is closing down tomorrow! It's sad because it's such a beautifully renovated building, and the variety of brands there has been absolutely amazing, more than 40 luxury brands.
There simply wasn't enough paying customers, which is actually nt a surprise as there are not so many millioners in Hungary and tourists are not really coming here for luxury shopping nor do expats have that plenty of money that they could shop there on regular basis.
This luxury palace of fashion was opened on Andrassy ut in September 2013. The building was commissioned by Zsigmond Bruhl between 1880-1881. The apartment building stayed emptu for a couple of years and was declared as a historical monument.
End of an era.
I doubt that Il Bacio di Stile was closed due to lack of potential customers...it is more realistic that it was closed by the Hungarian tax authority NAV which had a conflict with its owner György Gattyán that he later won at the European Court. Who knows the mentality of the corrupt NAV leaders and the hungarian politicians would not be surprised that as a revenge they shut down Il Bacio di Stile...this is how it works in Hungary...
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