Mike Ashley’s Frasers Group snaps up stake in luxury brand Mulberry

UK retail entrepreneur Mike Ashley has bought a 12.5% stake in the luxury British handbag company Mulberry as he seeks to push his retail empire upmarket. Ashley’s Fraser Group announced today that it had bought the shareholding as a part of a “key strategic priority” to reposition his fashion group towards “premium third-party brands”. The [...]

Designer outlet group posts strong results as remodelling continues

Premium outlet shopping VIA Outlets has announced an 8.4% increase in its brand sales and a 6.1% increase in footfall. The increase in brand sales meant an uplift to €1.16 billion in 2019, while the footfall increase saw VIA Outlets welcome a record 32.2 million guests over the year. The company’s 3 Rs strategy, which focusses [...]

Bank sells German retail park, Redevco appoints new UK managing director

Barings has sold the Nauener Karree retail park in Nauen, Germany, to an Austrian open public fund of LLB Immo KAG. The purchase price has not been disclosed. The property was acquired on behalf of private investors in 2014 from a foreclosure auction and has been actively managed by Barings, who was appointed as asset [...]

Nuveen: Debt and defensive positions favoured for coming year

Mike Sales, CEO of Nuveen Real Assets and Real Estate, has outlined how Nuveen sees real estate opportunities and risks in the year ahead. He believes that CRE debt and taking defensive positions may be the best way forward during ongoing challenges. “A consistent theme is investing in a wide range of global cities that [...]

UK still tops spend from Elite shoppers says Global Blue

Today, Tax Free Shopping expert Global Blue announced the findings of its first International Elite Shopper study at the Walpole Luxury Summit 2020, which was held in London’s Mayfair. The study provides insights into the spending patterns and consumer behaviours of the world’s wealthiest international shoppers. Elite shoppers travel approximately three times a year and [...]

ECE moves into Spain as intu continues divestment plan

The ECE European Prime Shopping Centre Fund II has purchased the intu Asturias shopping centre in Oviedo. As a result, ECE Fund II is now fully invested. It is the first property in Spain for the ECE shopping centre funds. The seller is a joint venture company through affiliates of intu properties plc and Canada [...]