Acne Studios is bidding farewell to three equity funds. In their place, IDG Capital and I.T Group have acquired 41% of the company's capital, while Mikael Schiller and Jonny Johansson remain majority shareholders.
London-based outlet malls giant McArthurGlen is to open its first luxury designer outlet to the west of Paris in 2021. The Designer Outlet Normandie will be its fourth centre in France after an investment of €150m+.
The retail market of Rotterdam is flourishing. Store vacancies in the Netherlands’ second-largest city have decreased from 9.3% to 6.3% in three years, according to research from Colliers International.