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Headquarter Gerry Weber (left), Aurelius new Owner of The Body Shop /// credit: gerry weber_the body shop

Retail Shorts: Gerry Weber withdraws from the stock market I Natura sells The Body Shop

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.

credit: Bloomberg

Signa sell-off continues

The Thai co-owner wants to take over René Benko’s entire British luxury department store, Selfridges, as further Signa shares are being sold.

Cotswolds Designer Outlet in Tewkesbury, creating 12,635 sq m space for 56 new brands. /// credit: Realm

Outlet 3.0 – What’s in store?

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?

credit: Kriz Heidi

THE LUXURY MARKET AS A TRENDSETTER FOR THE RETAIL WORLD

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.

credit: pimkie

Pimkie withdraws from the Spanish market

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.

Credits Deloitte/ Feelimage

LUXURY GOODS ARE A RELATIVELY RISK-FREE INVESTMENT FOR CONSUMERS

“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.

DownTown Bursa Life and Entertainment Center /// credit: Fiba CP

DownTown Bursa Life and Entertainment Center, managed and leased by Fiba CP, has opened on October 27, 2023

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.

With their baumhouse projects, Dietmar Reindl (right) and Alexander Rössler (left) want to combine retail locations and housing sustainably and affordably. /// credit: baumhouse, ivanashoots

baumhouse: The mission is to combine retail locations with affordable and quality living space

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.

credit: MAPIC

MAPIC Awards 2023 finalists announced

Created in 1996, the MAPIC Awards reward excellence, innovation and creativity in the retail real estate industry, celebrating the industry’s most useful, sustainable and visionary projects.

credit:kadewe

The KaDeWe Group has expanded its management to a trio

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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Special: UNDERSTAND THE ROLE OF F&B IN RETAIL REAL ESTATE
The F&B sector has become an essential part of every shopping destination. F&B boosts footfall and increases dwell time. Space previously dominated by fashion retailers is now occupied by innovative gastronomic restaurants. The pandemic has only reinforced this trend. Nonetheless, the F&B industry is struggling with major challenges.
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