Shopping Centers SA has opened Iguatemi Ribeirão Preto, a 475,000-square-foot mall in northeastern Brazil in the state of São Paulo.
Ribeirão Preto is part of Iguatemi’s expansion in the state and features 200 stores and restaurants, natural light and indoor gardens. Another facet of the mall is entertainment with a Cinépolis theater with six screens, two of them IMAX. The mall will also house Bodytech, a popular gym.
“Ribeirão Preto’s gross domestic product is the 30th highest in the country and the 10th highest in the state of São Paulo,” said Cristina Betts, chief financial officer of Iguatemi. “Ribeirão Preto also has one of the highest per-capita incomes in the country. It’s the largest ethanol/sugar-based industry complex in the country and concentrates on one of the most diverse businesses in Brazil.”
Iguatemi Ribeirão Preto is part of the largest development complex in Brazil, consisting of 18 residential towers, seven condominiums, 17 office towers, a hotel, event center, golf course and school. The project is budgeted at $259.5 million.
Iguatemi has been capturing luxury brands for the tenant rosters of its existing 13 malls located in Rio de Janeiro, Brasília, São Paulo and Porto Alegre, among other cities. Iguatemi São Paulo, for example, features Louis Vuitton, Tiffany & Co., Ferragamo, Burberry, Miu Miu, Bulgari, Marc Jacobs, Stella McCartney and Alexander McQueen.
The new center will offer Hugo Boss, Diane von Furstenberg, Coach, H.Stern, Tommy Hilfiger and Havaianas, among others.
Carlos Jereissati, chief executive officer of Iguatemi, said the company hopes to attract more luxury brands to Ribeirão Preto. “Bringing Iguatemi to Ribeirão Preto was always a long-standing objective,” he said. “As it is Iguatemi’s tradition to facilitate and expand international brands’ presence in Brazil, we will continue our legacy by working to ease retailers’ entrance into this new market. [We have] an ever-increasing portfolio of international brands.”
“Iguatemi’s strategy is to continue to expand throughout the south and southeast of Brazil, in particular São Paulo city and state, which represents over one-third of the GDP of the country,” said Betts. “Opening an Iguatemi mall in a new city within São Paulo state allows us to increase our footprint in this space, which in turn provides us with yet another touch point with our tenants and clients, increasing our relevance for both.”
Iguatemi has three shopping centers under development in the state of São Paulo, in Votorantim/Sorocaba and São José do Rio Preto, bowing in 2014, and Jundiaí, opening in 2015.
“The Brazilian economy continues to grow and still provides ample opportunity for operations that serve untapped demand,” Betts said. “We believe that opening malls in great locations, with the right combination of architecture, tenants and services will continue to do well not only in the immediate future but also in the decades to come.”
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews
“Stranger Things” is getting a new cast member for season 2. Meet @sadiesink_, the 15-year-old who will be joining the Netflix series for its new season. You may recognize her from “The Glass Castle” with Brie Larson and Woody Harrelson, but the Texas native’s next role goes in an entirely different direction. She describes her character, Max, as “a rough and tumble skater girl [who] becomes friends with the boys at school.” The second season debuts on October 27. (📷: @jgreenery) #wwdeye
Amid the Harvey Weinstein controversy, there’s another sector that’s being put under the spotlight for sexual abuse: the modeling industry. While rumors about abuse and sexual harassment of female and male models — and the photographers, agents and others who perpetrated it — have circulated within the fashion world for years, model @cameronrussell started posting stories from models on Instagram last week about abusive situations they’ve encountered — from sexual harassment and molestation to attempted rape. Over 75 have weighed in so far. Read more on WWD.com. Link in bio. #wwdnews
To celebrate its 16th anniversary, @dylanscandybar tapped designers and celebrities to create mosaics out of candy. The mosaics will be auctioned off to support the philanthropic cause of each participant’s choice. Pictured here is the mural created by @aliceandolivia's Stacey Bendet. For a first look at some of the other artwork being unveiled tonight, go to WWD.com. #wwdeye
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye
"Nowadays when life is not so happy with everything going on in the world, I think people come to me for a little bit of whimsy and color and fun." - Designer Rebecca De Ravenel on her cult-favorite jewelry line. (📸 : @vsteves) #wwd40
“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
@eyeswoon blogger Athena Calderone debuted her first-ever cookbook, “Cook Beautiful,” which is heavily centered on the presentation and visual expression of food. Pictured here are her miso glazed carrots from the book. Get the recipe on WWD.com. (📷: @johnny_miller_) #wwdeye