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[ Beijing, CHINA ] Galeries Lafayette (Paris, France) and I.T. Limited Group (Hong Kong) have joint ventured the development of a Galeries Lafayette department store in Beijing, to open in December (2013). The Beijing store will include approximately 18,000 square meters, the largest of the group after its store on Boulevard Haussman in Paris. Galeries...
[ Hangzhou, Zhejiang CHINA ] Wahaha Group has opened its first department store, in Hangzhou, with desires to open 100 more stores in coming years. The department store, to offer European-style high-end products at lower prices, is the company’s first foray into retail stores. Wahaha Group is a major...
[ Shanghai, CHINA ] Allen Edmonds Shoe Corp. has opened its first store outside the U.S., in Shanghai, with plans to open additional stores in Hong Kong and Macau over the next two years. Although the Shanghai store is the company’s first retail unit outside of the U.S., Allen Edmonds...
[ INDIA ] India’s Foreign Investment Promotion Board (“FIPB”) has approved IKEA’s proposal to enter India’s retail market. The IKEA proposal must now be approved by the Cabinet Committee on Economic Affairs. While IKEA has cleared FIPB regulatory approval, it has been reported in local media that 15 of...
[ JAPAN ] In November 2012, Sanei sold its 51% interest in Kate Spade Japan, back to Kate Spade (New York). Fifth & Pacific Companies, Inc. owns the Kate Spade Brand, as well as Juicy Couture, Lucky Brand, and Jack Spade. The company was organized in May 2012, from a...
[ Beijing, CHINA] October 2012 – Li Ning has sold a 25% stake of itself to Viva China Holdings, for $175 million USD. Viva China Holdings is a talent management firm. May 2012 – Zhang Zhiyong, who has stepped down after 20 years as CEO, has been replaced temporarily...
[ Cairo, EGYPT ] Emaar Properties has launched Emaar Square, a ‘city within a city’ development within its Uptown Cairo project in Egypt. It will feature Egypt’s largest open-air mall. Emaar Square will be an addition to Emaar’s Uptown Cairo development, a mixed-use project development located at the highest point...
[ Nairobi, KENYA ] Actis, a private equity fund with a large presence in global emerging markets, has organized a $278 million investment fund to augment the $300 million of Actis-sponsored investments to-date in Africa. According to this Actis website, the firm has $5.0 billion under management in emerging markets,...
[ Dallas, Texas USA ] Nebraska Furniture Mart of Texas, the largest furniture retail store and distribution center in the U.S., is now under construction. The almost 1.9 million square foot facility will be located on an almost 90-acre site along State Highway 121 in The Colony (Denton County, Texas),...
[ San Juan, PUERTO RICO ] Mall of San Juan is the first luxury shopping mall to be developed in Puerto Rico. The project will include a hotel adjacent to the 650,000 square foot mall. The mall will feature the first Nordstrom and Saks Fifth Avenue department stores...
[ Tianjin, CHINA ] Galaxy Mall, a 5-level, 360,000 square meter mall in the Hexi district of Tianjin City (China), has opened to the general public. It is said to be among the largest 5 shopping malls in mainland China. The mall is anchored by a Lotte Department Store, OSGH...
[ Dubai, UAE ] Meraas Holding (UAE) indicates it is ready to begin design work on a kilometer-long mall to be built in the Jumeirah Beach Residence area of Dubai, along the beach from the Hilton Hotel at one end to the Sheraton Hotel at the other. The project will change the...
[ Beijing, CHINA ] American fast-fashion retailer, Forever 21, has opened its first unit on the Chinese mainland. The 2,500 square meter store (on four levels) is located at APM Mall on Wangfujing Street – Beijing’s “Fifth Avenue.” Forever 21 is among a group of so-called “fast fashion” retailers,...
[ Hong Kong, CHINA ] Japanese ethical fashion and handicrafts brand Titicaca has opened its first overseas store in Hong Kong this month, taking the first step in its expansion into southeast Asia and mainland China. The Titicaca store at WTC More in Causeway Bay offers a wide variety...
[ Moscow, RUSSIA ] The USD $500 million Mall of Russia opened in December 2010. Related Articles Emaar Announces Emaar Square at Uptown Cairo Actis Raises $278 Million Africa Real Estate Fund Mall of San Juan Starts Construction Profile | Galaxy Mall Tianjin Meraas Holding Looks to Redevelopment...
