Investment Archives - Page 2 of 8

Frasers Group takes over SportScheck

The binding agreement between the British Frasers Group plc and Signa Retail Department Store Holding GmbH to acquire SportScheck was announced a few days ago.

URW sells Polygone Riviera for triple-digit million amount

Polygone Rivera is the first lifestyle shopping center in France that combines contemporary art and leisure with shopping. It opened in 2015 and has an extremely attractive product range with over 130 brands.

Birkenstock expects to receive up to 1.58 billion US dollars in its IPO

Birkenstock plans to offer a total of nearly 32.3 million shares of its parent company Birkenstock Holding Limited in the IPO, according to a statement from the German footwear supplier.

WHP Global becomes majority owner of G-Star Raw

Including G-Star RAW, WHP Global’s brand portfolio generates more than $7 billion in retail sales, further elevating the company to one of the largest brand management companies in the world.

LVMH eyewear manufacturer Thélios acquires Vuarnet

In 1957, optician Roger Pouilloux co-founded the brand with French alpine skier and 1960 Olympic gold medalist Jean Vuarnet.

German family-owned group Fielmann acquires US optician SVS Vision

Positive performance in European inventory markets and the contribution of new acquisitions in the U.S. have influenced an increase in 2023 guidance.

Rolex takes over Bucherer jewelry chain

The family business Bucherer was founded in 1888 in Switzerland, is in the 3rd generation and is led by Jörg G. Bucherer as Chairman of the Board of Directors. The headquarters are located in Lucerne, the company has more than 2400 employees.

Solution for shoe chain Reno, continuation of traditional brand secured

Reno Schuh GmbH had filed for insolvency at the end of March, and the proceedings for the once second-largest shoe chain Reno Schuh GmbH started on June 1, 2023.

Tapestry acquires Versace, Michael Kors and Jimmy Choo

“The merger will create a new, strong global luxury house,” Tapestry chief executive Joanne Crevoiserat said.

Eurofund Group and Signal Capital Partners joint venture to invest 180 million euros in Rhein Ruhr Zentrum

In its 50th year, Rhein-Ruhr-Zentrum will undergo a transformation into a unique, experiential ‘Shopping Resort’.

LVMH buys Vuitton flagship store building on Champs Elysées

Built in the 1920s by architect Charles Henri Besnard, the building was originally commissioned by Georges Vuitton, the only child of the luxury brand’s founder.

Place of the Week: A new generation loyalty program for İnegöl shopping mall

A metaverse use case in practice: Fiba Commercial Properties and Elyt.net introduced at İnegöl Shopping Mall, Turkey, a metaverse-based, new-generation loyalty program. This makes the shopping center one of the first in the placemaking industry to implement metaverse technology in concrete terms.

“The Metaverse can potentially eliminate the dimension of space for humanity.”

Understanding the term Metaverse is essential to understanding its potential. Ahmet Usta, the co-founder of Elyt.net, explains in this first part of this interview the essentials of the Metaverse in order to form a basis to enter the discussion about the potential of this topic.

“The Metaverse requires a change in both: mindset and business model.”

We truly believe that an in-depth understanding of the term Metaverse is essential to understand its potential. Ahmet Usta, the co-founder of Elyt.net, explains the potential that Metaverse has in practice in this second part of his Metaverse interview with ACROSS.

“Removing the barriers between online and physical world.”

“Without experimenting, you cannot learn anything,” states Ihsan Elgin, Executive Board Member of Finberg. As an investor, he is very serious about the impact of the metaverse on life and business. The convergence of virtual and real realms within the metaverse allows companies to fasten collaboration as well as to enhance communication, and this is only one of his conclusions.

“Reaching a wider audience and seizing new marketing and sales opportunities.“

“The rapid change in the world now necessitates being more than an observer and follower; it requires rapid implementation,” states Yurdaer Kahraman, FIBA CP CEO and Member of the ACROSS Advisory Board. Therefore, he values the Metaverse as an engaging way to reach a younger, digitally connected consumer audience. He shows the perspective of a company that took the metaverse path very early.

Metaverse Business Cases: Incorporating loyalty programs into digital experiences

E-Commerce does not run over shopping centers because they offer much more than a shared space where people purchase different products. To enhance the appeal of traditional shopping mall experiences, especially to Gen Z customers, enriching these “add-ons” is crucial. A new generation and metaverse-based loyalty programs can be a big part of this. Ahmet Usta, ELYT.net Co-Founder, explains what Metaverse business cases make sense for the placemaking industry.

A new generation loyalty program for İnegöl shopping mall

A metaverse use case in practice: Fiba Commercial Properties and Elyt.net introduced at İnegöl Shopping Mall, Turkey, a metaverse-based, new-generation loyalty program. The important learning: Consumers are ready. The interest in the program was unbelievably high. Visitors were happy to receive gifts and be part of an application that involved innovative technology like NFT.

“DEVELOPERS ARE BRAVE PEOPLE BY VIRTUE OF THEIR BUSINESS MODEL”

Steffen Hofmann is a Managing Partner at ambas. Having worked in eight European markets, he has a deep understanding of the mechanisms of international investment markets. On the occasion of the 15th anniversary of ACROSS, he discusses the historic evolution of the retail real estate industry from the perspective of the financial market.

“WHAT THE INDIVIDUAL INVESTMENT PROMISES IS WHAT COUNTS!”

Where is the high street investment market heading? ACROSS spoke with Kurt Jovy, Head of Real Estate Product Management at Universal Investment, and Jürgen Kreutz, CEO of IPH Transact GmbH, about the current development.

Polish Retail sector dominated by portfolio deals

Investors feel safe again in Poland. The total volume of investment transactions in H1 2022 amounted to almost 2.9 billion Euro, which was more than 40% more than in the same period last year. 28% of all investments were made in the shopping center sector.

Evolve Estates acquires Three Spires shopping center in Lichfield

Evolve Estates has acquired a prime open-air shopping center in the heart of Lichfield in England, its biggest retail acquisition of 2022.

Altera acquires local shopping center Het Stroink

Altera Vastgoed has acquired off-market local shopping center Het Stroink in Enschede (NL) from WP Retail Invest CV (“WPRI”). The center has recently been renovated by WPRI to create a retail complex with a pharmacy, a medical center, three primary schools, a nursery and a petrol station.

LaSalle acquires £600m UK designer outlet portfolio

LaSalle Investment Management has acquired two outlet centers in the United Kingdom, McArthurGlen Designer Outlet Cheshire Oaks and McArthurGlen Designer Outlet Swindon, for £600 million from Nuveen Real Estate.

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