Kering Sells Mall Luxury Outlets to Simon Property Group

Kering Sells Italian Luxury Outlets to U.S. Investor Simon
PARIS (Reuters) - French luxury group Kering announced on Thursday it had sold 100% of its Italian The Mall Luxury Outlets to U.S. real estate investor Simon, generating some 350 million euros in net proceeds as part of a wider plan to restructure its real estate portfolio.
Kering Sells The Mall Luxury Outlets to Simon Property Group
As Kering focuses on its core luxury brands - including Gucci, Saint Laurent, Bottega Veneta - the company is handing off some of its landlord duties to an American expert. Simon Property Group bought 100 percent of Kering's The Mall Luxury Outlets,
Kering and Simon® Announce The Completion Of The Sale Of 'The Mall Luxury Outlets'
Kering and Simon® today announced the finalization of the sale of 100% of The Mall Luxury Outlets entities held by Kering to Simon, the US real estate investment trust engaged in the ownership of premier shopping,
Simon purchases Italian outlet malls from Gucci’s parent company
Indianapolis-based Simon is the new owner of two Italian luxury outlet malls where the roster of shops includes Armani, Balenciaga, Gucci and Versace.
Kering: Sale of 100% of the Mall Luxury Outlets Entities Held by Kering to Simon Finalized
Dow Jones Newswires is a market-moving financial and business news source, used by wealth managers, institutional investors and fintech platforms around the world to identify trading and investing opportunities, strengthen advisor-client relationships and build investor experiences. Learn More. Back To Top
Kering Sells Italian Luxury Outlets for €350 Million
French luxury group Kering sold its Italian The Mall Luxury Outlets to U.S. investor Simon for approximately 350 million euros. This sale is part of Kering's strategy to restructure its real estate portfolio while maintaining a presence in locations near Florence and Sanremo.
Simon Property Announces Conclusion of The Mall Luxury Outlets Buyout
Simon Property Group SPG recently announced that it has taken over 100% of The Mall Luxury Outlets entities from Kering. Established in 2001, The Mall operates two luxury outlets: one in Leccio, near Florence,
Europe markets close higher as earnings come into focus; Kering down 6%
European markets closed higher on Wednesday as investors in the region monitored a series of corporate earnings releases.
EXCLUSIVE: Kering Heads to the Suburbs to Support Young Design Talent
PARIS — Kering is venturing outside the city to become the official partner of a creative hub in Paris’ northern suburbs ...
Kering (EPA:KER) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?
Kering SA (EPA:KER – Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of €244.66 ($254.85) and traded as high as €264.70 ...
WWD on MSN4d
Kering and the Saudi Fashion Commission Reveal Inaugural Sustainability Award Winners
RIYADH —Three Saudi start-ups tackling sustainability challenges across beauty, luxury resale and textile waste were awarded ...
Kering stock target raised to €260 by TD Cowen, maintains hold
TD Cowen's analysis led to an increase in the price target for Kering (EPA:PRTP) SA (KER:FP) (OTC: PPRUY), boosting it to ...
FIRSTonline5d
Luxury & Real Estate: Kering and Ardian Invest in a Real Estate Portfolio of Three Locations in Paris
Kering and Ardian today announce the signature of a binding investment agreement for three prestigious properties in Paris.
EXCLUSIVE: Ginori 1735 CEO Alain Prost Resigns
Parent group Kering confirmed to WWD that Prost, who also held the role of chairman, has stepped down and that an interim CEO ...
Can luxury stocks sustain growth amid economic headwinds?
Luxury stocks face volatility despite LVMH’s 1% sales rise. Kering and Hermes saw share declines, while Richemont and ...