LONDON – Hammerson, the British real estate developer and owner of major shopping malls across Europe, on Monday said it has agreed to sell its 42 percent stake in Value Retail, the parent company of The Bicester Collection, to Silver Bidco Limited, an investment vehicle controlled by L Catterton, the private equity fund backed by … Read more
Iceland’s Eyjafjallajökull volcano gained worldwide attention when it erupted in the spring of 2010. Aircraft were grounded and newsreaders struggled with a collection of letters that would score highly in a game of Scrabble. Smoke and ash billow from Iceland’s Eyjafjallajökull volcano on April 21, 2010. Photo: AFP The BBC suggested that “AY-uh-fyat-luh-YOE-kuutl-uh” was a … Read more
LONDON – Luxury shoppers may be laying low, but they haven’t given up on the big brands, according to Value Retail, owner of The Bicester Collection, which saw total brand sales in Europe and China climb 16 percent, and footfall jump 13.4 percent, in 2023. Tourists and domestic customers alike drove that growth, according to … Read more
