Kohlmarkt, Vienna

It stretches from Michaelerplatz to the Graben and is considered Vienna's luxury shopping street due to a high density of jewelers and branches of international fashion labels.

Together with the Graben and the Kärntner Straße, the Kohlmarkt forms Vienna's so-called "Golden U" of inner-city shopping streets, which offer upscale stores and are pedestrian zones.

After the construction of the Hofburg, the palace of the Habsburg emperors, the proximity of the coal market to the imperial residence favored the settling of producers and sellers of high-quality and luxurious goods instead.

In the 18th century, composer Joseph Haydn spent several years living in the street while working as an accompanying musician for singing lessons and dances.

[10] However, with the end of the Habsburg monarchy as well as with increasing competition and rising rents, many traditional businesses have been forced to close their stores.