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 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,
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: Sale of 100% of the Mall Luxury Outlets Entities Held by Kering to Simon Finalized
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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.
Kering sells The Mall Luxury Outlets to Simon in 350 million euro deal
Kering has finalised the sale of its entire stake in The Mall Luxury Outlets to Simon, the U.S.-based real estate investment trust.
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,
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