Exclusive: Deciem to Relaunch The Chemistry Brand
The Estée Lauder-owned beauty company and The Ordinary parent will relaunch one of its original brands as it moves to rekindle its reputation for incubation.
real-estate
Retail
Activist Investor Starboard Urges Macy's to Strike Real-Estate Deals
Investment firm Starboard Value LP has urged department store chain Macy's Inc to push for realising greater value from its real-estate holdings, including its famous Herald Square store in New York.
Activist Investor Starboard Urges Macy's to Strike Real-Estate Deals
Investment firm Starboard Value LP has urged department store chain Macy's Inc to push for realising greater value from its real-estate holdings, including its famous Herald Square store in New York.
News & Analysis
Macy’s Seeking Potential Buyers for Stakes in Flagship Stores
Macy’s Inc. is seeking to sell stakes in its flagship stores, including its landmark building on Manhattan’s West 34th Street, one of New York’s top tourist attractions.
Macy’s Seeking Potential Buyers for Stakes in Flagship Stores
Macy’s Inc. is seeking to sell stakes in its flagship stores, including its landmark building on Manhattan’s West 34th Street, one of New York’s top tourist attractions.
Global Markets
Riding the Miami Wave
Luxury brands are stepping up their presence in the gateway to Latin America, but can Miami carry their weight?
Riding the Miami Wave
Luxury brands are stepping up their presence in the gateway to Latin America, but can Miami carry their weight?
News & Analysis
Hudson Yards Owners Seek Buyer for 40% Interest in First Tower
A 40 percent stake in 10 Hudson Yards, the first skyscraper set for completion at the development on Manhattan’s far west side, is being marketed for sale.
Hudson Yards Owners Seek Buyer for 40% Interest in First Tower
A 40 percent stake in 10 Hudson Yards, the first skyscraper set for completion at the development on Manhattan’s far west side, is being marketed for sale.
Retail
MetLife Group Loans $1 Billion for Taubman’s Mall at Short Hills
MetLife Inc. is among insurers providing a $1 billion loan to refinance Taubman Centers Inc.’s Mall at Short Hills, a 1.4 million-square-foot luxury shopping centre in New Jersey.
MetLife Group Loans $1 Billion for Taubman’s Mall at Short Hills
MetLife Inc. is among insurers providing a $1 billion loan to refinance Taubman Centers Inc.’s Mall at Short Hills, a 1.4 million-square-foot luxury shopping centre in New Jersey.
Global Markets
LA Confidence: A Fashion Force Beyond Film
With a thriving art scene, retail momentum and a GDP of more than $825 billion, Los Angeles is a growing fashion force with impact beyond its Hollywood star power.
LA Confidence: A Fashion Force Beyond Film
With a thriving art scene, retail momentum and a GDP of more than $825 billion, Los Angeles is a growing fashion force with impact beyond its Hollywood star power.
Retail
QIC Global Real Estate: Connecting People with Places
BoF sits down with QIC Global Real Estate director of investment management Stuart Miller, to learn more about how the firm is pioneering the development of next-generation retail centres.
QIC Global Real Estate: Connecting People with Places
BoF sits down with QIC Global Real Estate director of investment management Stuart Miller, to learn more about how the firm is pioneering the development of next-generation retail centres.
News & Analysis
Macy’s to Close as Many as 40 Underperforming Stores Next Year
Macy’s Inc. plans to close as many as 40 stores early next year as it trims costs and works to improve e-commerce operations.
Macy’s to Close as Many as 40 Underperforming Stores Next Year
Macy’s Inc. plans to close as many as 40 stores early next year as it trims costs and works to improve e-commerce operations.
Workplace & Talent
Role Call | Robin Zendell, Real Estate Entrepreneur
New York-based real estate entrepreneur Robin Zendell says, "It is not the failure that matters, but it is how you learn from it, so as not to repeat the same mistake."
Role Call | Robin Zendell, Real Estate Entrepreneur
New York-based real estate entrepreneur Robin Zendell says, "It is not the failure that matters, but it is how you learn from it, so as not to repeat the same mistake."
Global Markets
Miami’s Loss Is Iguatemi’s Gain as Brazilians Shop at Local Mall
Brazilians, who once flew to Miami to buy Louis Vuitton purses and Chanel dresses, are spending their weakened currency at home in a gain for luxury mall operator Iguatemi Empresa de Shopping Centers SA.
Miami’s Loss Is Iguatemi’s Gain as Brazilians Shop at Local Mall
Brazilians, who once flew to Miami to buy Louis Vuitton purses and Chanel dresses, are spending their weakened currency at home in a gain for luxury mall operator Iguatemi Empresa de Shopping Centers SA.
Retail
Hudson’s Bay Real Estate IPO Moves Closer With Deal for Kaufhof
Hudson’s Bay Co.’s acquisition of a 136-year-old German retailer lifts the value of its real estate by 20 percent to C$11 billion ($8.9 billion) and brings it a step closer to unlocking that value in a new initial public offering.
Hudson’s Bay Real Estate IPO Moves Closer With Deal for Kaufhof
Hudson’s Bay Co.’s acquisition of a 136-year-old German retailer lifts the value of its real estate by 20 percent to C$11 billion ($8.9 billion) and brings it a step closer to unlocking that value in a new initial public offering.
Retail
Blackstone Secures $600 Million for Miami Luxury Mall
Blackstone Group LP has secured a $600 million loan for a Florida developer turning a once dingy, warehouse district in Miami into a premier luxury retail destination.
Blackstone Secures $600 Million for Miami Luxury Mall
Blackstone Group LP has secured a $600 million loan for a Florida developer turning a once dingy, warehouse district in Miami into a premier luxury retail destination.
The News in Brief
De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.