Tallinn’s main shopping center will be auctioned off for debt The initial value of the 55,000 sq.m. complex is €85 million.
IQOS will completely shut down its store chain in the U.K. Two years after Philip Morris announced its plans to expand the British chain, it has become known of its intention to close it completely.
Saudi Arabia imposes strict measures against the unvaccinated Those who have not been vaccinated will not access public spaces, such as government offices, restaurants, and shopping malls.
Legendary department store chain Selfridges to be sold at auction – starting price £4bn The chain of luxury department stores, founded in 1909, may change ownership.
Fashion giant LVMH gets control of Virgil Ablo’s Off-White brand LVMH will acquire a controlling stake in Off-White, with its founder retaining 40%.
Victoria’s Secret is abandoning malls and testing “stores of the future” The iconic lingerie brand announced its intention to open three retail outlets with a new format this autumn.
Zara has no plans to close stores and is betting on a hybrid model Amid the surge in the online retail model, Inditex is betting on a hybrid model that combines traditional stores and online ordering options.
TikTok will open its first pop-up store in London The temporary For You House store will not sell any products - it will be a place for meetings and themed workshops.
Nordstrom buys a stake in Topshop and Miss Selfridge The global chain of department stores will sell fashion brands aimed at a younger audience.
The Chinese platform Shein surpasses H&M and Zara in sales Clothing and footwear retailer Shein has become the most prominent fast-fashion retailer in the U.S.
Luxury stores are opening at American Dream megamall More than 20 luxury stores will open in a separate wing of the mall in September.
Six European malls will reopen under the Westfield brand French-Dutch company Unibail-Rodamco-Westfield SE will unite six European shopping centers it owns under a single brand.
