Giorgio Beverly Hills, established in 1961, was the first luxury boutique to be founded on Rodeo Drive in Beverly Hills, California, United States.[ citation needed ]
Giorgio Beverly Hills, established in 1961, was the first luxury boutique to be founded on Rodeo Drive in Beverly Hills, California, United States.[ citation needed ]
It was founded by Fred Hayman and George Grant, who opened their women's fashion boutique in 1961 at 273 Rodeo Drive (at the junction with Dayton Way), which was then a very ordinary street. Gucci, Tiffany and others established Rodeo Drive stores in the mid-1970s. The name was derived from Grant's first name. Hayman recognised the potential of the site, as it was close to The Beverly Hilton hotel, where he had been working. The store used a signature yellow-and-white striped awning, which came to symbolise a Beverly Hills lifestyle. Hayman bought out Grant in 1962. [1]
The store had a reading room, pool table and oak bar, so that men could amuse themselves while the women shopped. [2] Customers included Natalie Wood, Princess Grace, Ronald Reagan, Nancy Reagan, Diana Ross, Charlton Heston, and Elizabeth Taylor. [2]
In 1979, it was determined that there should be a signature fragrance and two years later in November 1981, Giorgio was launched. [1] In that year, the Rodeo Drive store had an annual turnover of $6 million. Fred Hayman and his wife Gale spent $260,000 on a huge launch party for the perfume, hosted by Merv Griffin, and with food from five of Los Angeles' top restaurants. The "GBH" fragrance business would soon turn over $100 million a year. [3]
In 1987, the fragrance business and the Giorgio Beverly Hills brand was sold to Avon for $165 million. The store's name was changed to Fred Hayman Beverly Hills. [2]
In 1994 the Giorgio brand was acquired by Procter and Gamble for $150 million that combined it with other luxury fragrance brands such as Hugo Boss, Laura Biagiotti and Otto Kern into what is now the P&G Prestige Beauté division.
273 Rodeo Drive is now a branch of Louis Vuitton, but Fred Hayman Beverly Hills has a smaller boutique nearby.[ citation needed ]
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