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Simon Property sues Gap over unpaid rent

Simon Property Group is suing Gap as the fashion retailer failed to pay more than US$ 65.9 million in rent and other charges due during the coronavirus pandemic. In late April, Gap stopped paying rent on its temporarily shuttered stores,...

Aéropostale on road to recovery, says buyer Simon Property Group

Mall developer Simon Property Group thinks struggling and recently bankrupt teen apparel chain Aéropostale could bounce back in a major way and potentially double its store fleet. The group - which bought Aéropostale - has kept 500 of Aeropostale’s 700 stores...

Phoenix Mills appoints new COO

Mumbai-based real estate developer Phoenix Mills Ltd (PML) has appointed Tony Ward as the COO, leasing and land acquisition.Tony will head leasing operations for the group's new retail-led developments across India. He will be responsible for selection of brands,...

Wadia Group Simon Group to develop luxury malls

According to unconfirmed reports, the Wadia Group is entering into a 50:50 joint venture (JV) with Simon Global Ltd, a subsidiary of the US-based real estate company Simon Property Group Inc. (SPG), to develop luxury shopping centres in India....
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How fashion brands are leveraging AI

From product design to marketing and virtual try-ons, here’s how the fashion majors are adopting AI in their businessTop...
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