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: Sale of 100% of the Mall Luxury Outlets Entities Held by Kering to Simon Finalized
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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 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.
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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 ...
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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.
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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® ...
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Luxury stocks face volatility despite LVMH’s 1% sales rise. Kering and Hermes saw share declines, while Richemont and ...