It’s a global game of buy or be bought at the mall with major developers wagering that scale — particularly at the higher-end of the market — will help them win, or at least keep up in a more digital world.
The latest move comes from Paris-based Unibail-Rodamco, which put together a $24.7 billion deal to acquire Sydney-based Westfield Corp., building a $72.2 billion giant in terms of gross market value. The combined companies will have a presence in 27 countries, including the World Trade Center in New York, Southcenter mall outside Seattle and Fashion Square in Los Angeles.
“I’m looking forward to jumping into the creative process and exploring fashion through a different lens,” said actor Michael B. Jordan exclusively to WWD about becoming the first face of @coach ‘s men’s business. Not only will the actor appear in its global ad campaigns, but he will also create a capsule with designer Stuart Vevers. Tap the link in our bio to learn more. #wwdfashion
“The name of the show is GP — giant pockets,” said Karl Lagerfeld pre-show, in his backstage meeting room at @Fendi to Bridget Foley. @Bellahadid was one of the many famous faces who graced the catwalk including @Gigihadid, @Adwoaaboah, and yes, even @Kendalljenner. #wwdfashion
Photographed by Kuba Dabrowski/WWD
“We are obsessed with Fendi and we want to share this obsession,” said CEO Serge Brunschwig to WWD. @Fendi will be releasing a new capsule collection Oct. 16 centered around the Fendi/Fila logo created by Instagram artist @Hey_reilly. Further proving the logo trend isn’t going anywhere. Link in our bio for more details. #wwdfashion