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Simon Property invests in digital
U.S. mall owner Simon Property Group (revenue of US$5.7 billion in 2018, up by 2% year-on-year) announced a partnership with Rue Gilt Groupe, operating flash-sale e-commerce websites Rue La La and...
12 December 2019
Majid Al Futtaim brings Carrefour into Uzbekistan
M.A.F. holds the exclusive franchise rights for 285 Carrefour stores in the Gulf and will expand the brand into Uzbekistan for the 1st time. Two hypermarkets and five supermarkets are planned over...
12 December 2019
A Saudi-Brazilian investment for food manufacturing
Following President Jair Bolsonaro’s visit in October 2019, the Saudi Kingdom is working with Brazil as an international trading partner. The Brazilian giant BRF, controlled by Abilio Diniz...
12 December 2019
Tunisia accelerates “click & collect” services
In Tunis, the Azur City shopping centre (42,000 sq.m GLA, investment of €64 million) was inaugurated in November 2019. This offers a Geant Casino hypermarket of 10,000 sq.m GLA with a...
12 December 2019
Lulu Group investment cancelled by Indian administration
In November 2019, the U.A.E.-based Lulu Group International published a government cancellation of a Memorandum of Understanding (M.O.U.). This was issued by the new government of Andhra Pradesh...
12 December 2019
Leroy Merlin keeps expanding in Johannesburg
Leroy Merlin‘s 3rd South African store is expected to open in the first quarter of 2020 in Boksburg, Johannesburg. So far, the D.I.Y. retailer is concentrating on South Africa’s...
12 December 2019
Online player Jumia closes in Tanzania and Cameroon
Once dubbed the “unicorn of African e-commerce”, Jumia Technologies (owned by Rocket Internet) shows worrying signs of fatigue. In November 2019, the e-retailer announced a suspension...
How does expansion of “food & beverage” impact mall’s rental income?
In Europe, consumers go out to eat for 20% of all meals. But so far, “Food & Beverage” retailers occupy between 12% and 19% of the sq.m GLA of European shopping centers. According...
12 December 2019
Voice recognition. Casino signs with Vivoka
“If Siri (Apple), Alexa (Amazon) and Google Home are well established, I wouldn’t be surprised if a Chinese company win the battle for digital voice assistants,” said William...
12 December 2019
The U.S. gem Tiffany moves under the LVMH flag
In late November 2019, the world’s biggest luxury retailer LVMH (sales of €46.8 billion in 2018 for a net margin of €6.4 billion at 14% of sales) secured a massive deal to purchase...
12 December 2019
Ikea too decides to quit Amazon
With a sales target of US$238 billion this year with a staff of 750,000, “Amazon is a company functioning at a scale that was previously left to government,” said Thomas Perriello...
12 December 2019
Discount. Action now valued €10 billion
With 1,473 stores in seven European countries and a staff of 46,000 employees, the Dutch retailer Action (turnover of €4.2 billion in 2018, up by 5.4% in the 10 months tao late October 2019)...
12 December 2019
With Greenweez, Carrefour aims to become Europe’s n°1 organic e-retailer
The organic market is gaining customer traction, both online and in physical stores. Greenweez.com, a Carrefour subsidiary which specialises in online grocery, is moving pawns into Europe. Sophie...
12 December 2019
Cherrywood Dublin, The Mall of the Month
A strong player in the business office market keeps expanding into retail. Developed by the family-owned U.S. investor Hines, the Cherrywood project in Dublin (Ireland) is one of Europe’s...
12 December 2019
“Values of medium-sized shopping centres are falling, we don’t see a clear future for this class of asset”
Patrick Delcol, Head of Pan-European Retail at BNP Paribas Real Estate answers key questions for G.R.N.
12 December 2019
Are shopping centres still justifiable?
What is the “raison d’etre” of shopping centres in 2020, and after? At the Mapic conference held in November, GRN explored a sector in the midst of critical change.
12 December 2019
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