Retail

STRATEGIES AND EXPANSION PLANS OF RETAILERS

Central Group Completes The Acquisition Of KaDeWe

Following the buyout of the remaining Signa shares, the Central Group is now the sole owner of the KaDeWe in Berlin, Germany.

MAPIC 2024 — Retail In The Spotlight

This year, MAPIC is highlighting the best extension and mixed-use projects and is taking the pulse of retail cross-border development.

ambas Advised Shareholders Of ROS In Their Platform Sale To FREY

As a retail specialist advisor, ambas Real Estate Gmbh served as exclusive sell-side advisor to the shareholders of ROS – Retail Outlet Shopping GmbH in the sale of their pan-European outlet mall management platform to the French FREY group.

RegioPlan: How Much Investment Should Go Into Leisure?

In recent years, leisure expenditures and household income in Austria have changed significantly. Leisure activities like dining out and entertainment have gained considerable importance in the retail and real estate sector as well.

Prada Shows Strong H1 Performance

Prada Group has reported a strong first-half performance for 2024, with an 18% increase in retail sales and a significant rise in EBIT margin to 22.6%.

Esprit Makes Use Of License Portfolio To Cut Further Losses

In future, the company will limit itself to managing its intellectual property rights and the licensing business, the Group announced on Monday.

CEO Andrew Keith Leaves Selfridges

Andrew Keith is quitting as CEO of the Selfridges division of Selfridges Group as of this autumn with the group’s Chief Executive André Maeder replacing him.

NEPI Rockcastle’s Retailers Day Conference Showcases Blooming Marvellous CEE Markets

Retail markets across Central and Eastern Europe are blooming with eager consumers and bursting with creative innovation, participants at NEPI Rockcastle’s annual ‘Retailers Day’ heard from a top line-up of inspirational industry speakers held in early June in Bucharest.

Two More Department Stores Of The KaDeWe Group Will Be Retained

The Alsterhaus in Hamburg and the Oberpollinger in Munich will be retained, as the new owners of the KaDeWe Group report successful rental negotiations.

People on the move: Angelus Bernreuther is leaving Kaufland

Angelus Bernreuther, Head of IR at Kaufland Stiftung & Co. KG and member of the ACROSS Advisory Board, will leave the international foot retailer Kaufland end of July. He worked with Kaufland seven years. After a short break, he will be taking on a new position in the German real estate business.

Søstrene Grene Plans Expansion In Germany

Søstrene Grene is continuing its expansion in Germany with another branch opening in Augsburg on July 26. According to the company, more than 80 stores are to be in operation in Germany by the end of the month.

arxy — The Future Of Designer-Retailer Interactions

Arxy Virtual Showroom specializes in providing a boundless digital experience for fashion brands and retailers to showcase and interact with collections.

The Landscape Of European Food Halls

The need for convenience and variety has become paramount. Food halls are increasingly diversifying their offerings and have emerged as a perfect fit for the modern consumer. They have evolved into social hubs, fostering an environment that encourages socialising and meaningful connections, reveals Cushman & Wakefield in its latest Food Halls of Europe Report.

Lyst Index: LOEWE Ranks As The World’s Hottest Brand In Q2 2024

In the latest Lyst Index, LOEWE took first place and forced the previous quarter´s hottest brand back to second place.

Saudi Investment Fund To Increase Stake In Selfridges To 50 percent

The Saudi Arabian Public Investment Fund (PIF), a shareholder in Selfridges, is reportedly planning to increase its stake in the luxury department store from the current 10 percent to 50 percent.

Esprit´s Wholly-owned Dutch Subsidiary Files For Bankruptcy

Esprit has announced that it is applying for the commencement of insolvency proceedings for its NLEB subsidiary at the District Court of Amsterdam, the Netherlands.

LVMH’s L Catterton Adds 1.8 Billion Euros Worth Value Retail To Its Portfolio

Hammerson has agreed to sell its 42 percent stake in Value Retail, the parent company of The Bicester Collection, to Silver Bidco Ltd., an investment vehicle controlled by LVMH´s L Catterton.

The Retail Market In Poland Continues Its Strong Momentum

During the second quarter of 2024, there were eight new retail completions with the development pipeline comprising approximately 400,000 sq m in the Polish retail market. This indicates healthy supply levels amid unwavering occupier demand and strong retail sales, shopping center footfall and turnover figures, shares Cushman & Wakefield in its latest analysis.

EssilorLuxottica To Acquire Supreme From VF Corporation

EssilorLuxottica and VF Corporation have entered into a definitive agreement for EssilorLuxottica to acquire the Supreme brand from VF for 1.5 billion dollars in cash.

“GOOD SHOPPING CENTERS SEE THEMSELVES AS STAGES”

The most difficult times are behind us and retail has proven to be resilient, states MAPIC Director Francesco Pupillo. As such, this year’s MAPIC will once again be clearly focused on matchmaking and brands – especially dynamic brands that are part of experiential retail.

Adidas Increases Its Full-Year Guidance Following Confident Second Quarter Results

adidas announced the preliminary results for the second quarter of 2024, revealing that in Q2, currency-neutral revenues increased 11% versus the prior year. In euro terms, the company’s revenues grew 9% to 5.822 billion euros, compared to 5.343 billion euros in 2023.

Sophienhof Shopping Center In Germany Welcomes Sports Club As New Tenant

Union Investment Real Estate GmbH has announced a smooth leasing transition at Sophienhof shopping center in Kiel, Germany.

Freshflow — Place The Perfect Order Every Time

Freshflow uses novel Artificial Intelligence to build the food supply chain of the future and reduce food waste worldwide.

German Deco Retailer Depot Slides Into Insolvency

The Depot furniture chain is insolvent, but the company has plans for a possible restructuring.

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