McArthurGlen promotes Brady to new group MD of leasing
European outlet mall giant McArthurGlen has promoted Nick Brady to group managing director of Leasing. He will be responsible for overseeing all brand acquisition and asset management for the group’s 25 designer outlets in 10 countries across Europe and in Canada.
Brady will report to McArthurGlen’s co-CEO Susie McCabe and work in close partnership with the group’s executive team.
Specifically, Brady will coordinate the leasing strategy for McArthurGlen’s entire portfolio which generates €4.5 billion in annual sales and comprises 675,000 square metres of GLA, along with a development pipeline that will deliver an additional 90,000 square metres of retail space.
With over 13 years’ experience at McArthurGlen, Brady has worked with many of the group’s brand partners to develop their outlet businesses into established, high-performing retail channels.
“This expertise will be instrumental in driving a leasing strategy that supports the company’s continued growth and ensures the business remains fit for the future”, McArthurGlen said.
The group noted Brady takes up his new position at a time “when the outlet sector continues to show resiliency and encouraging performance against the backdrop of a challenging new retail landscape”.
In the second half of 2020, McArthurGlen added a number of new luxury brand partners across its portfolio, including the world’s first outlet store for Off-White in Serravalle, its centre near Milan, as well as the company’s first-ever boutiques for Givenchy and Celine. It has also expanded its partnerships with Prada, Valentino, Burberry and Armani via new stores.
The group is also gearing up to open its seventh UK centre, McArthurGlen Designer Outlet West Midlands in Cannock, as part of a joint venture deal.
It said the centre is "on track" to open in the next few months, subject to local and national restrictions, and will feature international brands including Tommy Hilfiger, Reiss, Ted Baker, Calvin Klein, Adidas, Asics and Skechers.
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