DOCSLIB.ORG

Unibail-Rodamco: Innovative Performance

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Unibail-Rodamco: Innovative Performance Unibail-Rodamco: Innovative performance 2012 ANNUAL ANd sUstAiNAbLe deveLopmeNt report 02 milestones 2012 CorporAte The values which distinguish us 08 interview with the Ceo and the Chairman of the management board 12 interview with the Chairman of the supervisory board 14 Corporate governance and risk management 16 Figures on the rise 18 eprA performance measures 20 shareholder’s report strAtegy Re-inventing the customer experience 24 re-inventing the customer experience 26 so ouest – a new generation shopping centre 28 the 4 star shopping experiencel 30 projects in the pipeline operAtioNs Iconic Assets 36 moments to remember 42 iconic shopping centres 48 our shopping centre managers 50 offices 52 Convention & exhibition sUstAiNAbLe deveLopmeNt Creating sustainable value everyday 56 Unibail-rodamco’s sustainability journey 58 A transparent governance for sustainability 60 material issues to create sustainable value 62 re-align our sustainability vision and priorities with the group’s strategy 64 A motivated workforce empowered to deliver change 66 Creating opportunities for communities to prosper 70 building resilience through innovation citizenship 74 Unlock opportunities for tenants and customers to make sustainable decisions 82 shopping centres Nordic countries * in Europe Germany* 9 shoppiNg CeNtres Netherlands 7 Central Europe* 5 shoppiNg CeNtres shoppiNg CeNtres 8 shoppiNg CeNtres France Austria 34 shoppiNg CeNtres 3 shoppiNg CeNtres Spain 16 shoppiNg CeNtres Offices and Convention & Exhibition venues in Paris C&E oFFiCes MAJOR eUROpeAn cities from west to east which host Unibail-Rodamco assets: seviLLe / vALeNCiA / mAdrid / bArCeLoNA / bordeAUX / LYON / NiCe / pAris / LiLLe / AmsterdAm / the hAgUe / CopeNhAgeN / STOCKhoLm / prAgUe / vieNNA / brAtisLAvA / WArsAW / heLsiNKi / * Including shopping centres consolidated under the equity menthod: • Central europe: Złote tarasy. • germany: mfi (6 standing managed assets: paunsdorf, gropius passagen, pasing Arcaden, höfe am brühl, gera, ruhr-park). PROFILe CReAted LIsted On the PARIs stOCk ReCOGnIsed In The 89% OF the GROuP’s stROnG “A” RAtInG fRom In 1968 exChAnGe SInCe 1972, on The dJSI (WoRLd and shOPPInG CentRes bALAnCe STandaRd & PooR’S amSTeRdam SToCk exChange eURoPe), fTSe4good, Welcome moRe Than SheeT WITh and Fitch, The SInCe 1983. Included In The STOXX gLobaL eSg 6 mILLIon vISITS PeR a LoW Loan- beST RaTIng In CaC 40, aex 25 and eURo SToxx LeadeRS IndICeS. annUm. To-value The IndUSTRy. 50 IndICeS. (LTv) RaTIo of 37%. SPLIT of ToTaL PoRTFOLIo SPLIT of ShoPPIng CenTRe PoRTFOLIo france Shopping centres 51% 78% Central europe 13% by aCTIvITy by RegIon 9% Convention & exhibition 11% 6% 13% Spain 10% 9% The netherlands offices nordic countries austria 3,383,800* 585,700 616,300 M2 GLA M2 GLA M2 GLA ShoPPIng CenTReS offICeS ConvenTIon & exhIbITIon 797 MILLIOn vIsIts Across The gRoUP’S ShoPPIng CenTReS 364 54 110 * 36* MILLIOn MILLIOn MILLIOn MILLIOn vIsIts vIsIts vIsIts vIsIts fRanCe aUSTRIa CenTRaL eURoPe geRmany 146 52 35 MILLIOn MILLIOn MILLIOn vIsIts vIsIts vIsIts SPaIn noRdIC CoUnTRIeS The neTheRLandS * Including shopping centres consolidated under the equity method. Unibail-Rodamco: innovative performance Experience. One word that sums up the driving force behind Unibail-Rodamco: it represents an expertise in property management, in-depth knowledge of consumer trends, original and exclusive retail and offi ce projects and the best services combined with the most creative and spectacular events. Unibail-Rodamco is Europe’s leading listed commercial property company, a position that can only be achieved through an innovative approach capable of creating value for its customers and stakeholders. MILESTONES 2012 2012, a year of progress and value creation April 2012 THE 4 STAR LABEL is Unibail-Rodamco’s initiative to deliver outstanding services for its retail assets. It is a unique strategy, which sets ambitious targets for improved quality at each stage of the customer’s shopping experience. To ensure the 4 Star label responds to customer expectations, the foundation of this strategy, a rigorous 571 point referential is externally audited and used to guide the Shopping Centre Manager towards 4 Star excellence. 02 • 03 OPENING OF CONFLUENCE IN LYON innovative shopping concepts. It heralds the development Confl uence has a striking façade and a quilted roof made of new services and boasts a unique design, providing April up of air cushions which fl ood the interior with natural customers with an exclusive shopping and leisure light. Symbolising a new generation of shopping centres, experience. In 2010, Confl uence received a BREEAM 2012 it was awarded the 4 Star Label and refl ects the expertise “Very Good” for its environmental qualifi cations, the fi rst of Unibail-Rodamco in selecting and implementing mall to receive this score in France. June UNIBAIL-RODAMCO ENTERS INTO A PARTNERSHIP WITH “MFI” mfi is Germany’s second largest shopping centre operator, investor and developer. Its portfolio includes major 2012 assets such as Paunsdorf and Höfe am Brühl in Leipzig, Gropius Passagen in Berlin and Pasing Arcaden in Munich. In addition, the Group also acquired a 50% stake in Ruhr-Park in Bochum, managed by mfi and one of the largest shopping centres in Germany. Overall the transaction involves 9 standing and future shopping centres, as well as 20 malls managed for third parties. 02 • 03 MILESTONES 2012 THE DINING EXPERIENCE July A new initiative aimed at doubling the space dedicated 2012 to dining in Unibail-Rodamco’s shopping centres, the Dining Experience combines 3 key ingredients: a perfect mix of the best local restaurateurs and well established international concepts, an outstanding Dining Plaza, and an “Experience Theatre” with a dedicated programme of events and marketing activities. Launched in la Maquinista in July, the Group plans to deploy the strategy to 25 shopping centres over the coming years. UR LAB DJSI UR Lab’s role is to defi ne the Group’s vision for innovation, Unibail-Rodamco ranked among the set long-term goals and equip the Group to achieve them top 5% in the Dow Jones Sustainability cost-effi ciently. The Lab unites all of the Group’s innovation Index (DJSI) – this represents a score initiatives from across different departments under a single increase of 46% since 2008. umbrella. September 2012 OPENING OF EL FARO IN BADAJOZ, SPAIN where 100,000 visitors came to visit the mall on the opening week-end. El Faro hosts 97 shops across 66,000m² GLA, including the fi rst H&M, Media Markt and Primark stores in the region. Located 1km from the Portuguese border and 5 minutes by car from Badajoz city centre, El Faro is very well connected to all public transportation and major regional highways. It received a BREEAM “very good” for its environmental credentials. 04 • 05 OPENING OF SO OUEST, LEVALLOIS, PARIS REGION perfect environment for premium retailers and top international brands, Designed in the style of a Haussmannian apartment, So Ouest offers such as Hollister, LEGO and Marks & Spencer. The mall‘s appeal to retailers and visitors alike an attractive mix of grand open spaces and customers was illustrated by the more than one million visits during the cosy rest areas. The shopping centre’s richly decorated interiors feature fi rst month of opening. So Ouest has a BREEAM “Excellent” rating for marble fl oors, leather handrails and a variety of glass elements—the its environmental qualifi cations, a fi rst for a shopping centre in Europe. October 2012 UNIBAIL-RODAMCO CELEBRATES ITS 40 YEAR LISTING ANNIVERSARY ON THE PARIS STOCK October EXCHANGE 2012 From December 1972 to December 2012, the Group achieved a total annualised shareholder RECORD LOW COST OF DEBT return (dividends Unibail-Rodamco successfully issued reinvested) of 16.4%. a €500 Mn bond with a 4.7 year maturity and a 1.625% coupon. This represents the lowest coupon ever paid by Unibail-Rodamco for a public Euro benchmark. Out of €4.6 Bn of medium to long term December fi nancing raised in 2012, the Group raised €2.4 Bn on the bond market at an average 99 basis points over 2012 mid swaps. This issuance contributed to a decrease in the Group’s average cost of debt to 3.4%. 04 • 05 Confl uence by night. 06 • 07 CORPORATE The values which distinguish us CEO & CHAIRMAN OF THE MANAGEMENT BOARD Interview with the Chief Executive Offi cer and Chairman of the Management Board GUILLAUME POITRINAL 08 • 09 CORPORATE “It is the end of boring How was 2012 for Unibail-Rodamco? shopping.” I am pleased to report that the 2012 results have surpassed expectations. Recurring earnings per share grew by 6.7%, well above the 4% outlook; this refl ects the fact that prime, centrally located assets have weathered the storm very well, despite a challenging economic climate across Europe. For example, in Les Quatre Temps and Donau Zentrum, iconic shopping centres in La Défense and Vienna saw tenant sales increase by 7.7 and 8.3%, respectively. In Spain, the Group has outperformed national Creating multi-sensory spaces with light, indices and continued to create value – Splau, smell and sound is researched and applied by UR a 55,000 m2 mall in Barcelona, acquired by the Lab–a creative think thank launched in 2012 and Group in October 2011, demonstrates the Group’s responsible for defi ning the Group’s innovation strength in re-marketing and re-designing vision. assets to return them to growth. An important renovation project received a favorable reaction The same innovative vision is being applied to from customers, with footfall increasing by 13.5% the Group’s offi ce segment. With the constraints in 2012. of today’s work life, how can the Group better these environments for workers, whilst optimising the costs for tenants? Our offi ces have considered A central theme in 2012 was re-inventing the these constraints by offering fl exible fl oor plates and customer experience, could you tell us more? the highest standards in terms of design, services The Group has a relentless appetite for innovation and technology.
Load more

Recommended publications
  • What Is the Affinity Card: It Is the Credit Card That Offers
    What is the Affinity Card: It is the credit card that offers exclusive benefits and discounts at your favourite Inditex Group stores in Mexico: Zara, Bershka, Pull&Bear, Massimo Dutti, Stradivarius, Oysho, Zara Home, Uterqüe and Lefties. Just like any international credit card it is accepted at millions of establishments around Mexico and the world, as it is backed by Citibanamex and VISA. Exclusive benefits*: 10% off your first purchase in physical stores.(1) 3 months interest-free in stores and online.(1) Accumulate 7% Premia Points(2) at your favourite stores, and 5% at other establishments. You decide how to receive your points, either as store credit or in cash. Receive a Bonus(3) of 6,000 Premia Points(1) if you spend more than $46,000 in 1 year. Citibanamex benefits: Pre-sales - get tickets to the best events Months interest-free - purchase at participating businesses offering fixed monthly payments interest-free Promotions - take advantage of all promotions and discounts at citibanamex.com/promociones REQUIREMENTS Minimum age From 18 years to 74 years 11 months. Verifiable minimum income of $7,000 (monthly). Minimum income Credit report (credit card or departmental). IFE/INE voter identification card. Valid official identification with photograph Passport (issued at least 90 days). Foreigners may present a valid permanent resident card and passport. Light, water, land line, property tax, or gas bill. Proof of address (dated within Television account statement. 90 days). Citibanamex account statement in the name of the applicant. Proofs of address issued online are accepted Click here for more information about the Citibanamex Affinity Card Credit Card(4) and how to get one.
    [Show full text]
  • 2009 Annual Report
    2009 ANNUAL REPORT UNIBAIL-RODAMCO / 2009 ANNUAL REPORT 1 Profile 2 Message from the CEO 4 Message from the Chairman of the Supervisory Board 6 Strategy & key figures Stock market performance PROFILE 10 & shareholding structure 2009 Unibail-Rodamco is Europe’s leading listed commercial property company ANNUAL with a portfolio valued at €22.3 billion on December 31, 2009. REPORT A clear strategy The Group is the leading investor, operator and developer of large shopping centres in 14 An unprecedented climate Europe. Its 95 shopping centres, 47 of which receive more than 7 million visits per annum, 12 16 Expertise in retail operations are generally located in major continental European cities with superior purchasing power 18 Differentiation: the key to success and extensive catchment areas. The Group continuously reinforces the attractiveness of 22 An attractive development pipeline 24 Financial firepower for future growth its assets by upgrading the layout, renewing the tenant mix and enhancing the shopping 26 Talented, motivated teams experience. Present in 12 European Union countries, Unibail-Rodamco is a natural business partner for any retailer seeking to penetrate or expand in this market and for any public or Business private institution interested in developing large, integrated retail schemes. Overview A commitment to value creation The Group is also a key player in the Paris region office market, where it focuses on modern, efficient buildings of more than 10,000 m2. Finally, in joint venture with the Paris Chamber 32 Shopping Centres of Commerce and Industry, Unibail-Rodamco owns, operates and develops the major 30 34 France 36 Netherlands convention and exhibition centres of the Paris region.
    [Show full text]
  • Calling All Shopaholics and Fashionistas: It's Finally Time To
    BLOMINVEST Calling All Shopaholics and Fashionistas: It’s finally Time to BANK Really Help the Lebanese Economy! While talented Lebanese designers were dressing worldwide celebrities and invading haute couture catwalks in the international fashion weeks, Leban on’s apparel industry seemed to be fading over March 14, 2015 the past few years. This is certainly related to the country’s dwindling retail sector, which is one of the biggest contributors to Lebanon’s Contact Information growth, constituting near 13% of total economic activity in 20131. Research Analyst: Mirna Chami [email protected] Mirroring the economy’s path, and following 2 years of bearish activity, the apparel sector in 2014 revealed a stagnating to declining Head of Research: Marwan Mikhael performance that was associated to the country’s ongoing [email protected] instabilities and political stalemates. Research Department Tel: +961 1 991 784 Evolution of the Apparel Market Size (In $M) External Trade Activity in the Clothing Industry (In $M) Source: Embassy of the United States of America Source: Lebanese Customs Performance in the Apparel Market in 2014: Mixed Indicators, yet Clothing Activity Stagnated While most retail giants refrained from revealing performance-related information to the public, the general consensus is that business remained slow in 2014 and tourists were nowhere to be seen. Given this relationship, it is safe to say that the more dependent a store is on tourists the more likely they are to have witnessed a drop in sales. Accordingly, stores targeting a lower frugal local customer base were expected to have lost a slighter share of revenues than the upscale stores that are highly dependent on the Arab clientele.
    [Show full text]
  • Autorizações Concedidas Pelas COMAC Cujas Taxas Se Encontram
    Decreto-Lei n.º 21/2009, de 19 de Janeiro LISTAGEM DAS AUTORIZAÇÕES CONCEDIDAS NO 4º TRIMESTRE DE 2010 CUJA TAXA SE ENCONTRA LIQUIDADA Artigo 8.º da Portaria nº 417/2009, de 16 de Abril Tipo de unidade Tipo de autorização Insígnia/Designação Área de venda/ Endereço EC/CC Distrito Concelho Freguesia COMAC Data de (EC/CC) I - Instalação ABL(m2) autorização M-Modificação P - Prorrogação EC M Pingo Doce 76,00 Estrada de S. Bernardo Aveiro Aveiro Glória Baixo Vouga 01-10-2010 EC I Inter Saúde 50,00 Rua Santa Maria Aveiro Santa Maria da Feira Santa Maria de Lamas Entre Douro e Vouga 14-12-2010 EC I Well’s Saúde 75,00 Quinta do Paço Braga Barcelos Vila Frescainha (São Pedro) Cávado 06-12-2010 EC I Bershka 466,00 Liberdade Street Fashion, Loja L 12 Braga Braga São José de São Lázaro Cávado 23-12-2010 EC I Pull & Bear 377,00 Liberdade Street Fashion, Loja L 11 Braga Braga São José de São Lázaro Cávado 22-12-2010 EC I Well’s Saúde 105,00 Modelo Albufeira, Cerro D'Alagoa Faro Albufeira Albufeira Algarve 17-12-2010 EC I Well’s Saúde 80,00 Algarve Shopping Faro Albufeira Guia Algarve 17-12-2010 EC I Lidl 1.286,40 Urb. Fonte Santa, Lt LEE2 Faro Loulé Quarteira Algarve 15-11-2010 EC I H&M 1.726,70 CC Aqua Portimão Faro Portimão Portimão Algarve 11-10-2010 EC I Springfield 380,00 CC Aqua Portimão Faro Portimão Portimão Algarve 20-12-2010 EC I Women´Secret 190,00 CC Aqua Portimão Faro Portimão Portimão Algarve 20-12-2010 EC M Pingo Doce 450,00 Sitio das Hortas Faro Vila Real de Santo António Vila Real de Santo António Algarve 20-12-2010 EC I Well' s Saúde.Óptica
    [Show full text]
  • Taux De Vacance En Baisse Et Développement De L'investissement International : Paris La Défense Confirme Son Attractivité
    COMMUNIQUE DE PRESSE 07 mars 2019 Taux de vacance en baisse et développement de l’investissement international : Paris La Défense confirme son attractivité. Paris La Défense, quartier d’affaires européen de référence, conserve son leadership et continue de séduire entreprises et investisseurs internationaux. Sa métamorphose progressive en véritable quartier de vie et l’arrivée prochaine de nouveaux objets immobiliers emblématiques ont dynamisé l’attractivité du territoire. Un taux de vacance à un niveau historiquement bas Avec un taux de vacance à 4,3 % (source CBRE), Paris La Défense affiche son optimisme. Alors que l’offre immédiate disponible diminue dans le quartier d’affaires, signe de l’attractivité croissante de Paris La Défense, la livraison des prochaines tours (Trinity, Alto, Landscape…) est grandement attendue. Elle va proposer une offre de très haut niveau répondant aux exigences des utilisateurs internationaux. 2 Près de 140 000 m seront ainsi mis sur le En 2018 : marché d’ici moins d’un an. Ils s’ajouteront 2 aux 145 000 m2 immédiatement disponibles . 132 300 m de demande placée . 2,5 milliards € investis aujourd’hui. 3 livraisons emblématiques d’ici à 2020 « Les prochaines livraisons de 2019 et 2020 actuellement disponibles à la viendront proposer de nouvelles grandes commercialisation : surfaces neuves à La Défense, offre très recherchée sur le marché francilien. Les tours . TRINITY > 49 000 m2 . 2 telles qu’Alto ou Trinity répondent à la ALTO > 51 000 m . LANDSCAPE (restructuration) > 69 600 m2 demande croissante d’un immobilier neuf de . ORIGINE > 16 000 m2 disponibles sur 67 000 m2 haute qualité dans le Grand Paris.
    [Show full text]
  • DOWNLOAD the REPORT HERE (Pdf)
    CREDITS A study commissioned by the Greens/EFA Group in the European Parliament AUTHOR : Marc Tataret under the supervision of Jordi Angusto Graphics and design : Capucine Simon [email protected] http://capucinesmn.tumblr.com www.greens-efa.eu @GreensEP www.facebook.com/greensefa/ 2 Greens/EFA Group - tax shopping TABLE OF contents I - EXECUTIVE SUMMARY – p 4 II - INTRODUCTION: STILL A LONG WAY TO GO TO TACKLE TAX AVOIDANCE – p 5 III – INDITEX – OVERVIEW OF A FASHION GIANT – p 6 3.1 Company’s history and main figures – p 6 3.2 Pontegadea de Inversiones and Amancio Ortega’s inner circle – p 9 3.3 Pattern of tax avoidance techniques through one example – p 10 IV - GOING DUTCH: SHIFTING PROFITS THROUGH ROYALTY PAYMENTS – p 12 4.1 Inditex’ structure in the Netherlands – p 12 ITX Merken: the royalty payments receiver – p 13 Zara Holding BV: the one not paying a single euro in corporate tax (2011-2014) – p 14 Zara Holding II BV: the one not having any employee (2014) – p 14 4.2 Impact of profit shifting through royalty payments – p 15 V - THE IRISH CASE - LOWER AND LOWER TAXES – p 17 ITX Fashion or ITX E-commerce - the king of e-commerce – p 17 ITX RE - the captive insurance business – p 18 Zara Financiën - effectively managing and controlling without employee – p 18 VI – SWEET SWITZERLAND: OPAQUE STRUCTURE IN THE ALPS – p 19 ITX Holding – p 20 ITX Trading – p 21 ITX Merken (Swiss Branch) – p 21 VIII - CONCLUSIONS AND RECOMMENDATIONS – p 22 ANNEX 1:METHODOLOGY – p 24 ANNEX 2:REFERENCES – p 25 References from Financial Statements – p 33 References from other sources – p 33 3 I.
    [Show full text]
  • Developing Skyscraper Districts: La Défense
    ctbuh.org/papers Title: Developing Skyscraper Districts: La Défense Author: Maria Scicolone, Architect, EPADESA Subject: Urban Design Keywords: Adaptability Urban Planning Publication Date: 2012 Original Publication: CTBUH Journal, 2012 Issue I Paper Type: 1. Book chapter/Part chapter 2. Journal paper 3. Conference proceeding 4. Unpublished conference paper 5. Magazine article 6. Unpublished © Council on Tall Buildings and Urban Habitat / Maria Scicolone Developing Skyscraper Districts: La Défense “The development of La Défense is based on infrastructural principles which are considered to have contributed significantly to shaping its singularity and its remarkable image.” Maria Scicolone Given their historic context, European city centers are often not considered to be suitable Author locations for the development of modern tall buildings. Therefore, a number of cities chose to Maria Scicolone, Architect develop a purpose-built business district away from the city center, and often close to nodes Management of the Urban Strategy L’Etablissement public d’aménagement de La Défense of infrastructure. La Défense, located in the west of the Paris Metropolitan Region, is the Seine Arche (EPADESA) largest of these business districts in Europe. Initiated in 1958, La Défense has witnessed over Tour Opus 12 Esplanade Sud-Quartier Villon fifty years of development. This paper discusses the origins of the development; the forces 77 esplanade du Général de Gaulle which have influenced it; how development has been managed; and what the vision is for 92914 Paris La Défense Cedex France future development. t: +33 1 4145 5886 f: +33 1 4145 5900 La Défense housing. 180,000 people are employed in the e: [email protected] area, and 20,000 people live in it.
    [Show full text]
  • Inditex Brand Offer Strategies INDITEX Inditex Brand Offer Strategies Net Revenue: €26.144 Million Stores: 7,490
    INDITEX BRAND OFFER STRATEGIES Detailed assortment and pricing report Zara, Bershka, Pull&Bear, Oysho, Stradivarius and Massimo Dutti and Massimo Stradivarius Oysho, Pull&Bear, Bershka, Zara, TABLE OF CONTENTS 04 07 Inditex Zara 12 15 Bershka Pull&Bear 16 17 Stradivarius Massimo Dutti 19 Oysho LOÏC WINCKELMANS CEO, RETVIEWS Inditex group has experienced tremendous success and become a global leader in the fashion retail industry, creating an empire of brands covering a broad spectrum of consumers, across different cultures and age groups. This report is a detailed analysis of the offer and pricing strategy of each brand behind Inditex’s success. On average, retailers monitor around 30,000 products from dozens of competitors in each country where they operate. When we started Retviews, competitive intelligence in fashion retail was 100% manual and had never been improved. However a deep understanding of your competitors’ assortments is crucial to succeed in today’s retail industry. Retviews helps our customers track the market efficiently to focus on creating the perfect assortment at the right price. 3 01 I NDITEX Inditex Brand Offer Strategies INDITEX Inditex Brand Offer Strategies Net revenue: €26.144 million Stores: 7,490 TARGET GROUP ANALYSIS RETVIEWS. WOMENSWEAR. 2019 Massimo Dutti Zara Stradivarius Oysho Bershka Pull&Bear 10 15 20 25 30 35 40 45 age Inditex has conquered the prêt-à-porter world. It runs 7,500 stores in 96 countries and has established Zara’s global online store, accessible in over 200 countries. The plan for 2020 is to make all the brands available in every country in the world.
    [Show full text]
  • PARIS PREVIEW/10-17 FACTORS WARY on KMART/2 Women’Swwd Wear Daily • the Retailers’ Dailymonday Newspaper • September 30, 2002 Vol
    PARIS PREVIEW/10-17 FACTORS WARY ON KMART/2 Women’sWWD Wear Daily • The Retailers’ DailyMONDAY Newspaper • September 30, 2002 Vol. 184, No. 65 $1.75 Accessories/Innerwear/Legwear Strip Tease MILAN — The spring collection Tom Ford showed for Gucci on Saturday was short, hot and sexy. It was also a major departure from his dark vision for fall — and not just because it featured pink, soft blue and colorful Asian prints. There was another factor: the special, labor- intensive methods and techniques used to create it. Here, one racy little number that’s a literal embodiment of the term “gold-digger”: a microminidress in strips of 18-karat pink gold. For more on the season, see pages 4 to 7. Is Target Cooling? Slow Growth Feared At Hot Discounter By Evan Clark NEW YORK — Target Corp. may have trouble retaining its status as a retailing phenomenon while it tries to keep up with its own ultrahip image, ultratough competition and ultrahigh expectations. While Wall Street generally remains bullish on the Minneapolis- based retailer, analysts acknowledge the firm, with its own presence expanding and bankrupt Kmart waning, is increasingly going toe-to- toe with Wal-Mart — the world’s largest company and a competitor See Hot, Page21 PHOTO BY PHOTO DAVIDE BY MAESTRI 2 Kmart Vendors Face Double RL Chooses WWDMONDAY West Hollywood Accessories/Innerwear/Legwear Stiffer Credit Terms GENERAL For Newest Store Gucci, Fendi, Prada and Dolce & Gabbana were among the top collections as the Milan shows rolled along. By Vicki M. Young calls seeking comment. LOS ANGELES — Double RL is 4 Although his firm isn’t among heading west.
    [Show full text]
  • PARIS Cushman & Wakefield Global Cities Retail Guide
    PARIS Cushman & Wakefield Global Cities Retail Guide Cushman & Wakefield | Paris | 2019 0 Regarded as the fashion capital of the world, Paris is the retail, administrative and economic capital of France, accounting for near 20% of the French population and 30% of national GDP. Paris is one of the top global cities for tourists, offering many cultural pursuits for visitors. One of Paris’s main growth factors is new luxury hotel openings or re-openings and visitors from new developing countries, which are fuelling the luxury sector. This is shown by certain significant openings and department stores moving up-market. Other recent movements have accentuated the shift upmarket of areas in the Right Bank around Rue Saint-Honoré (40% of openings in 2018), rue du Faubourg Saint-Honoré, and Place Vendôme after the reopening of Louis Vuitton’s flagship in 2017. The Golden Triangle is back on the luxury market with some recent and upcoming openings on the Champs-Elysées and Avenue Montaigne. The accessible-luxury market segment is reaching maturity, and the largest French proponents have expanded abroad to find new growth markets. Other retailers such as Claudie Pierlot and The Kooples have grown opportunistically by consolidating their positions in Paris. Sustained demand from international retailers also reflects the current size of leading mass-market retailers including Primark, Uniqlo, Zara brands or H&M. In the food and beverage sector, a few high-end specialised retailers have enlivened markets in Paris, since Lafayette Gourmet has reopened on boulevard Haussmann, La Grande Épicerie in rue de Passy replacing Franck & Fils department store, and more recently the new concept Eataly in Le Marais.
    [Show full text]
  • Paris Developments
    Paris U6 Trinity Geography th th 1. La Defense La Defense RER A, Metro1 January 26 -28 2007 • Life to see sights - 10+ E6, E7.50 individual • Um Bongo - Mixed use Les Grand Traveaux - ambitious & monumental public building schemes in Paris • ‘a symbol and an image of the modernity and also of freedom, an opening towards the • President Georges Pompidou - Centre Georges Pompidou future’ • President Giscard d’Estang - Muse d’Orsay, Parc de la Villette • 3km W of 17e , site of villages of Puteaux & Courbevoie • President Francois Mitterand - Louvre Pyramide , Fondation Cartier, Institute de Monde • Axis runs from Arch du Triomphe - La Grande Arche - ‘royal axis’ Arabe, Opera de Paris Bastille, Le Grande Arche, Biblioteque FM • named after stand against Prussians in 1871 • 1958, The Public Establishment for Installation of La Défense (EPAD) was created by the state Delanoes Dream to manage and bring life to the quarter of i like men st • 1 socialist & openly gay mayor • 1958 - CNIT (Center of New Industries and Technologies) hall built for trade shows • become fee-good capital - allowed to walk on the grass of municipal gardens, Paris_palge, • 1960’s 1st generation skyscrapers limited 100m Nuit Blanche, attempts to speak English (Bus drivers) • 1970’s 2nd generation skyscrapers, 1973 economic crisis - office space diff. to sell/rent - • reduce spiralling office 7 residential costs by redevelopment & skyscrapers (requires buildings empty - project appeared doomed overturning 30 year ban on all building over 8 stories • 1980’s 3rd generation • would like car free capital - building tram route, cycle lanes • 1992 Metro extended 2 stops due to length • 0% interest mortgage designed to encorage people to purchase property in the city • 750 ha, various functions separated, 11 zones, 1500 companies, HQ 11/20 largest French • ‘concertation civile’ - encourage to recycle, scoop-poop, neighbourhood associations firms, TNCs e.g.
    [Show full text]
  • List of Assets June 30, 2021 Download
    LIST OF GROUP’S STANDING ASSETS 1. FRANCE: SHOPPING CENTRES GLA of Portfolio as at June 30, 2021 the whole complex Consolidation method1 (sqm) SHOPPING CENTRES IN THE PARIS REGION Westfield Carré Sénart (Lieusaint) 155,500 FC Westfield Les 4 Temps (La Défense) 142,200 FC Westfield Parly 2 (Le Chesnay) 129,500 FC Westfield Vélizy 2 (Vélizy-Villacoublay) 124,400 FC Westfield Rosny 2 (Rosny-sous-Bois) 115,200 FC & EM-JV Aéroville (Roissy-en-France) 85,000 EM-A Westfield Forum des Halles (Paris 1) 70,500 FC So Ouest (Levallois-Perret) 56,900 EM-A Ulis 2 (Les Ulis) 54,200 FC CNIT (La Défense) 28,500 FC L'Usine Mode & Maison (Vélizy-Villacoublay) 21,100 FC Carrousel du Louvre (Paris 1) 13,400 FC Les Ateliers Gaîté2 (Paris 14) n.a FC SHOPPING CENTRES IN THE FRENCH PROVINCES La Part-Dieu (Lyon) 156,400 FC La Toison d’Or (Dijon) 78,700 EM-A Polygone Riviera (Cagnes-sur-Mer) 75,200 FC Westfield Euralille (Lille) 67,800 FC Villeneuve 2 (Villeneuve-d'Ascq) 56,500 FC Rennes Alma (Rennes) 55,700 EM-A Confluence (Lyon) 53,900 EM-A La Valentine (Marseille) 39,500 FC OTHER ASSETS Bel-Est (Bagnolet) 48,800 FC Aquaboulevard (Paris) 38,400 FC Maine Montparnasse (Paris) 35,500 FC Villabé (Corbeil) 35,300 FC Go Sport (Saintes) 2,500 FC 1 FC = Fully Consolidated; EM-JV = Joint Venture under the equity method; EM-A = Associates under the equity method; JO = Joint Operation. 2 Under redevelopment. 1 2. FRANCE: OFFICES & OTHERS Total floor space Portfolio as at June 30, 2021 Consolidation method of the asset (sqm) Trinity (La Défense) 50,000 FC Les Villages de l’Arche (La Défense) 19,800 FC CNIT (La Défense) 37,100 FC Versailles Chantiers (Versailles) 16,300 FC Tour Rosny (Rosny-sous-Bois) 13,600 FC Le Sextant (Paris 15) 13,400 FC 7 Adenauer (Paris 16) 12,300 FC Hilton CNIT (La Défense) 10,800 FC 29, rue du Port (Nanterre) 10,300 FC Novotel Lyon Confluence (Lyon) 7,600 EM-A Lightwell3 (La Défense) n.a.
    [Show full text]