By  on March 30, 2010

MILAN — Value Retail plc, which operates nine high-end outlet malls in Europe with a total of 850 stores, reported a 21 percent increase in sales in 2009, reaching the 1 billion euro-mark, or $1.39 billion at average exchange rates.

The number of visitors rose 11 percent last year. In particular, the number of shoppers hailing from China grew 80 percent.Visitors from the Middle East jumped 122 percent and those from South East Asia climbed 67 percent.

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