Kering Sells Mall Luxury Outlets to Simon Property Group

Simon Property Announces Conclusion of The Mall Luxury Outlets Buyout
Simon Property Group SPG recently announced that it has taken over 100% of The Mall Luxury Outlets entities from Kering. Established in 2001, The Mall operates two luxury outlets: one in Leccio, near Florence, Italy, and the other in Sanremo on the Italian Riviera.
Simon purchases Italian outlet malls from Gucci’s parent company
Indianapolis-based Simon is the new owner of two Italian luxury outlet malls where the roster of shops includes Armani, Balenciaga, Gucci and Versace.
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 sells Italian luxury outlets to U.S. investor Simon
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: Sale of 100% of the Mall Luxury Outlets Entities Held by Kering to Simon Finalized
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