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.The move will boost Simon’s portfolio, enhance the vibrant collective offerings, attract more shoppers and contribute to long-term growth. Kering received net proceeds of €350 million from the above disposition, which will aid in consolidating i ...