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,
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.
Kering: Press release - Kering and Simon announce the sale of The Mall Luxury Outlets
Press release_Kering and Simon announce the sale of The Mall Luxury Outlets 30 01 25 PRESS RELEASE 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,
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 ...
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 ...
WWD on MSN1d
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 ...
Seeking Alpha25d
Kering: Turnaround Unlikely Anytime Soon
The luxury market has had a stagnant 2024, but Gucci owner Kering has seen a far worse performance at the stock markets. Gucci's waning popularity has impacted the company's profits and continued ...
FIRSTonline2d
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: 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 ...
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 ...
Stella McCartney Label Leaves LVMH, Designer Remains Sustainability Ambassador
McCartney will continue to advise LVMH chief executive Bernard Arnault and the group's executive team on sustainability ...