Kering and Simon® Announce The Completion Of The Sale Of 'The Mall Luxury Outlets'
Kering and Simon® (SPG) have completed the sale of 'The Mall Luxury Outlets' entities to Simon. The transaction involves two luxury outlet destinations in Italy - one in Leccio near Florence and another in Sanremo. The deal will generate net proceeds of approximately €350 million for Kering.
The Mall, established in 2001, will continue to feature Kering's brands as part of their strategy to concentrate outlet distribution in select exclusive venues. Simon, as a leading operator of shopping destinations worldwide, will manage the continuous operation of these high-end shopping villages.
Kering, which reported revenue of €19.6 billion in 2023 and employs 49,000 people, manages luxury brands including Gucci, Saint Laurent, Bottega Veneta, and Balenciaga among others.
Kering e Simon® (SPG) hanno completato la vendita delle entità 'The Mall Luxury Outlets' a Simon. La transazione coinvolge due destinazioni di outlet di lusso in Italia: una a Leccio, vicino a Firenze, e un'altra a Sanremo. L'affare genererà proventi netti di circa €350 milioni per Kering.
The Mall, fondata nel 2001, continuerà ad offrire i marchi di Kering come parte della loro strategia di concentrare la distribuzione degli outlet in luoghi esclusivi selezionati. Simon, in qualità di operatore leader di destinazioni commerciali a livello mondiale, gestirà il funzionamento continuo di questi villaggi di shopping di alta gamma.
Kering, che ha riportato un fatturato di €19,6 miliardi nel 2023 e impiega 49.000 persone, gestisce marchi di lusso tra cui Gucci, Saint Laurent, Bottega Veneta e Balenciaga, tra gli altri.
Kering y Simon® (SPG) han completado la venta de las entidades 'The Mall Luxury Outlets' a Simon. La transacción involucra dos destinos de outlet de lujo en Italia: uno en Leccio, cerca de Florencia, y otro en Sanremo. El acuerdo generará ingresos netos de aproximadamente €350 millones para Kering.
The Mall, establecido en 2001, continuará presentando las marcas de Kering como parte de su estrategia para concentrar la distribución de outlets en lugares exclusivos seleccionados. Simon, como operador líder de destinos comerciales en el mundo, gestionará la operación continua de estas aldeas de compras de alta gama.
Kering, que reportó ingresos de €19,6 mil millones en 2023 y emplea a 49,000 personas, gestiona marcas de lujo como Gucci, Saint Laurent, Bottega Veneta y Balenciaga, entre otras.
Kering과 Simon® (SPG)는 'The Mall Luxury Outlets' 단체의 매각을 완료했습니다. 이번 거래는 이탈리아의 두 개의 고급 아울렛 지역을 포함하며, 하나는 피렌체 근처의 레치오에 있고, 다른 하나는 산레모에 있습니다. 이번 거래로 Kering은 약 3억 5천만 유로의 순수익을 얻게 됩니다.
2001년에 설립된 The Mall은 Kering의 브랜드를 계속 선보이며, 선택된 독점 매장에서 아울렛 유통을 집중하는 전략의 일환으로 운영됩니다. 전 세계 쇼핑 목적지의 선두 운영자인 Simon은 이 고급 쇼핑 마을의 지속적인 운영을 관리할 것입니다.
Kering은 2023년에 196억 유로의 매출을 기록했으며, 49,000명의 직원을 고용하고 있으며, 구찌, 생 로랑, 보테가 베네타, 발렌시아가 등 여러 호화 브랜드를 관리하고 있습니다.
Kering et Simon® (SPG) ont finalisé la vente des entités 'The Mall Luxury Outlets' à Simon. La transaction concerne deux destinations de magasins d'usine de luxe en Italie - l'une à Leccio près de Florence et l'autre à Sanremo. L'accord générera des produits nets d'environ 350 millions € pour Kering.
The Mall, créé en 2001, continuera à présenter les marques de Kering dans le cadre de sa stratégie de concentration de la distribution des magasins d'usine dans des lieux exclusifs sélectionnés. Simon, en tant qu'opérateur de premier plan de destinations commerciales dans le monde, gérera l'exploitation continue de ces villages de shopping haut de gamme.
Kering, qui a déclaré un chiffre d'affaires de 19,6 milliards € en 2023 et emploie 49 000 personnes, gère des marques de luxe telles que Gucci, Saint Laurent, Bottega Veneta et Balenciaga, entre autres.
Kering und Simon® (SPG) haben den Verkauf der 'The Mall Luxury Outlets'-Einheiten an Simon abgeschlossen. Die Transaktion umfasst zwei Luxus-Outlet-Ziele in Italien - eines in Leccio, in der Nähe von Florenz, und ein weiteres in Sanremo. Der Deal wird für Kering Nettomittel in Höhe von etwa 350 Millionen € generieren.
The Mall, die 2001 gegründet wurde, wird weiterhin Kering-Marken präsentieren, als Teil ihrer Strategie, den Outlet-Vertrieb in ausgewählten, exklusiven Standorten zu konzentrieren. Simon, als führender Betreiber von Einkaufszielen weltweit, wird den fortlaufenden Betrieb dieser hochwertigen Einkaufsdörfer managen.
Kering, das 2023 einen Umsatz von 19,6 Milliarden € meldete und 49.000 Mitarbeiter beschäftigt, verwaltet Luxusmarken wie Gucci, Saint Laurent, Bottega Veneta und Balenciaga sowie andere.
- Sale of non-core asset generates €350 million in net proceeds
- Strategic alignment with outlet distribution concentration strategy
- Maintains brand presence in premium outlet locations
- Divestment of revenue-generating luxury outlet assets
Insights
This strategic acquisition by Simon Property Group marks a significant expansion of its luxury retail footprint in Europe, particularly in the highly coveted Italian market. The two premium outlets - located near Florence and in Sanremo - are positioned in prime tourist destinations that attract high-net-worth international shoppers.
The
The deal's timing is particularly strategic as luxury retail continues to show resilience, with outlet shopping remaining a strong performer in the sector. The continued presence of Kering's prestigious brands (including Gucci, Saint Laurent and Balenciaga) ensures these outlets maintain their high-end positioning and attract luxury consumers.
For Simon shareholders, this acquisition represents a calculated move to enhance the company's premium property portfolio while gaining stronger footing in the European luxury retail market. The transaction should contribute positively to Simon's revenue streams and provide opportunities for operational optimization through Simon's proven management expertise in the premium outlet sector.
This transaction reflects a sophisticated evolution in Kering's distribution strategy, focusing on creating more exclusive and controlled outlet channels for its luxury portfolio. The
The move aligns with luxury sector trends toward more selective distribution networks, allowing better control over brand positioning and customer experience. Kering's strategy to concentrate outlet distribution in exclusive venues demonstrates a balance between maintaining accessibility to off-price customers while protecting brand equity.
The continuation of Kering brands' presence in these outlets under Simon's ownership suggests a carefully structured deal that serves both parties' interests. Simon's expertise in premium retail property management provides confidence in maintaining the high-end positioning these luxury brands require, while Kering can focus on its core competency of luxury brand management.
For Kering, the divestment of this non-core asset will generate net proceeds of approximately
Simon, a world leading operator of shopping, dining and entertainment assets worldwide, is ideally positioned to successfully ensure the continuous operation of The Mall. Kering's brands will maintain a presence in these two very high-end shopping villages, the strategy implemented by Kering aiming at gradually concentrating its outlet distribution to a limited number of exclusive venues.
About Kering
A global Luxury group, Kering manages the development of a series of renowned Houses in Fashion, Leather Goods and Jewelry: Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo, Qeelin and Ginori 1735, as well as Kering Eyewear and Kering Beauté. By placing creativity at the heart of its strategy, Kering enables its Houses to set new limits in terms of their creative expression while crafting tomorrow's Luxury in a sustainable and responsible way. We capture these beliefs in our signature: "Empowering Imagination". In 2023, Kering had 49,000 employees and revenue of
About Simon
Simon® is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across
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FAQ
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