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Kering and L’Oréal announced the finalization of their strategic partnership in beauty under the terms disclosed on October 19, 2025, following approval from competition authorities.

As cities and urban retail rethink their futures in the face of e-commerce, climate goals, and changing consumer behavior, the work of Jan Gehl offers a powerful lesson: successful retail is not created by scale or spectacle, but by streets and spaces designed for people.

Footfall, frequency, catchment areas, and optimized tenant mixes have long defined success in retail real estate. Today, that equation is expanding — shaped by proximity, everyday life, and the role retail plays in livable cities. In our multi-article cover story, we explore the renaissance of inner-city shopping destinations.

European retail real estate closed 2025 in positive territory, according to Altus Group. With values rising 1.6% year-on-year, as improving cashflows and stabilizing yields signaled a gradual recovery following a two-year market correction.

In 2026, loyalty is no longer simply a mechanism for repeat visits, it’s becoming a strategic framework for building long-term relationships between visitors, tenants, and retail destinations. And while personalization has been discussed for years, we are now entering a moment where it can finally move from “nice idea” to measurable reality. Ben Chesser, CEO of Coniq shares his outlook on 2026 placemaking.