Shopping mall giant Westfield Corp ruled out trying to increase a $16 billion buyout from France’s Unibail-Rodamco SE after a decline in the European firm’s shares drove down the deal’s value, saying there was no Plan B.
Stealthy in-line store pull-outs and intensified competition to attract new retailers figure among the problems facing malls in 2018, which must diversify their offer and focus their investments on consumer experience.
Shares of Australian shopping mall giant Westfield Corp rose as much as 15% on Wednesday, their biggest single-day gain, after the company said it would accept a $16 billion takeover offer from France’s Unibail-Rodamco.
Henderson brings 15 years of luxury and retail experience to Keep.com. She previously served as US President of The Communications Store, and held senior level marketing roles at Versace, Ferragamo and Westfield WTC.
LK Bennett is officially launching its first store in Russia on Thursday (March 16). The debut follows a soft launch last August at the Metropolis mall in Moscow as the UK firm targets faster growth abroad.
Tous said its expansion strategy and the continued development of the e-commerce platform sent sales soaring by almost 10% in 2016. The company will continue opening retail and travel retail stores this year.