25th July , 2024
25 / 07 / 2024
Thursday, 25th July
Bicester Village stake sold!
Hammerson, the shopping centre giant announced the sale of its stake in Value Retail, which operates Bicester Village to private equity firm L Cartterton, backed by LVMH (Louis Vuitton Moet Hennessy) in a deal worth £1.5bn.
Michael Chu, global co-chief executive of L Catterton, said: "With its high-quality portfolio, reputation for luxury, and commitment to delivering a distinctive experience to customers, Value Retail is well positioned for growth and continued success…...”
#fashionbusiness #luxury #LVMH #bicestervillage #valueretail #UKmarket #hammerson #lcatterton