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Lewis Land puts Adelaide outlet shopping centre on the market

Inside Retail

Developed in 2003, the centre is Adelaide’s only purpose-built outlet shopping centre. Simon Rooney, head of retail capital markets for CBRE’s Pacific, who is managing the sale, described the centre as one of “Adelaide’s best-performing retail assets”.

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Prada hires former Luxottica chief Andrea Guerra as new CEO

Inside Retail

Reuters reported last week that the fashion group was set to hire Guerra in a top management role to ease the succession path of the Hong Kong-listed group founded in Milan in 1913 as a leather goods shop by designer Miuccia Prada’s grandfather and his brother.

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Bullring & Grand Central secures 27,500 sq ft JD Sports upsize for Summer 2023

Retail Focus

JD Sports, which has been at Bullring since 2003, will open a new 27,500 sq ft store on the lower level. Toby Tait, Director Asset Management at Hammerson, said: “ JD Sports more than doubling the size of its store is a clear indication of the confidence brands have in Bullring as Birmingham’s premier retail and leisure destination.

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Aiwa brand up for auction, its parent bankrupt

Inside Retail

Hilco Streambank, a specialist in monetising intellectual property assets and distressed brands, said it had been retained to manage the sale, subject to bankruptcy court approval. Listed on the Tokyo Stock Exchange from 1961 it lost profitability in the late 1990s and was taken over and delisted by Sony in 2003.

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Central Group leads Selfridges buyout in US$5 billion deal

Inside Retail

The Canadian wing of the billionaire Weston family bought Selfridges for nearly 600 million pounds in 2003. The conglomerate will be managed from a holding company in London, with the potential for an eventual stock exchange listing, although local management of the stores in other countries will remain, the source said.

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Retail appointments of the week

Inside Retail

In 2003, he transferred control of the business to his daughter, Naomi Milgrom. We’re set to enhance the customer journey, infusing the latest trends, and showcasing our fashion offering in an engaging and impactful way,” said Baldwin, who previously served as country sales manager of H&M West Coast US.

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New lawsuit filed by Brazil’s Federal Government further strengthens climate litigation trends against private entities in Brazil

Eye on ESG

On 12 September 2023, Brazil´s Attorney General Office, representing the Brazilian Federal Environmental Agency, filed a climate litigation lawsuit against a livestock farmer, seeking compensation for the deforestation of the Amazon Forest between 2003 and 2016.

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