The designer outlet mall sector just got more competitive in Europe.
Simon Property Group Inc. and McArthurGlen said they have signed a definitive agreement to form a joint venture. Simon will invest about 435 million euros, or $565.5 million at current exchange, in McArthurGlen, one of the leading owners of upscale European designer outlets around the world.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)