SYDNEY — The Westfield Group is restructuring its $66 billion retail empire.
Shareholders in Westfield Retail Trust, Australia's largest listed retail property trust, voted Friday to merge with the Australasian business of the connected but separately-listed Westfield Group. The merger will pave the way for the creation of two new independent companies that will manage the group's portfolio of 87 shopping centers in Australia, New Zealand, the U.S. and U.K., worth 70 billion Australian dollars, or $66 billion at current exchange.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)