Property manager Advantail has obtained B Corp certification, demonstrating its commitment to responsible business practices, positive social impact, ethical governance, and transparency. It is the first player among commercial property managers to receive this label.
The financial restructuring measures will now be implemented promptly, as the restructuring plan of Gerry Weber International AG is legally binding. /// The new owner of The Body Shop is the private equity company Aurelius Group. The acquisition is expected to be completed in December, subject to approval by the relevant competition and regulatory authorities.
Across the outlet market, we’ve started to see a growing number of brands, including Hugo Boss, Adidas, and Tommy Hilfiger, actively seeking larger retail spaces with a clear objective: to elevate and enrich the ‘flagship’ outlet in-store experience, explains Dan Mason is Managing Director Realm. This year marks the 30th anniversary of the UK’s first outlet center, and as we look ahead to the next decade for this resilient retail sector, what will be the defining trends of Outlet 3.0?
Luxury is more resistant than any other retail segment – especially in times of crisis. However, consumers are changing. For the new consumer generation, luxury has a new definition. Both brands as well as retailers have to adapt to this development.
Recent opening announcements include Alo Yoga debut in the UK, Tommy Hilfiger and Calvin Klein opening at Caledonia park, and Phase Eight opening an upsized store in collaboration with Hobbs at Merry Hill.
The end of an era in Spain, Pimkie’s presence has already been reduced in recent years through staff cuts and store closures. However, the fashion chain will continue to be represented in some countries, above all in France with over 300 locations.
“Making luxury accessible to a broader audience is a successful business strategy today,” says Orsolya Hegedüs, partner at Deloitte Austria. In an interview with ACROSS, she explains why luxury is so crisis-resistant, why the segment is growing, and why brands must adapt to a new generation of consumers.
Ingka Centres, part of the Ingka Group which also includes IKEA Retail, has announced the freehold acquisition of Brighton’s main shopping centre, Churchill Square. IKEA UK and Ireland is thrilled to confirm plans to bring a brand new IKEA City store to the popular site.
Retail outlet centers, known for their brand-lead discount store formats and offers, have seen a significant leap in retail and leisure brand growth in the past year, according to a
newly-released industry report.
Fiba Commercial Properties, who undertook the leasing and asset management of the shopping mall DownTown Bursa Life and Entertainment Center, has welcomed its visitors with exclusive brands for the first time in the famous city of Bursa. Fiba CP further enriches the region with its grand opening, showcasing nearly 200 brands that span both local and global markets, adding significant value to the area.
The second store outside France, after London, has now opened in one of Amsterdam’s oldest districts in Wolvenstraat 21. This neighborhood is part of the hip “Nine Streets” shopping area, where more and more international brands are opening stores.
With their baumhouse projects, Dietmar Reindl and Alexander Rössler want to combine retail locations and housing sustainably and affordably. They define affordable with rents 20% below the market level. They are planning high-quality, sustainably designed residential complexes above retail buildings. Furthermore, they explain to ACROSS what their motivation is, what social change they would like to help shape, and, above all, where the added value for investors lies.
Equilis has announced the implementation of Spain’s most extensive solar community at Nexum Retail Park in Fuenlabrada, Madrid. The self-sustaining system allows up to 1,100 nearby households to access 100% renewable energy all without the need for personal installation or investment.
René Benko has handed over the chairmanship of the Advisory Board of SIGNA Holding to Arndt Geiwitz. Geiwitz additionally will take over the chairmanship of the Shareholders’ Committee of SIGNA Holding. The Benko family private foundation will continue to be the Holding company’s largest shareholder.
Following André Maeder’s move to Selfridges in London, three new members were appointed to the Management Board: Michael Peterseim (CEO), Timo Weber as Chief Retail Officer (CRO) and Simone Heift Chief as Merchandising Officer (CMO).
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