Hong Kong and New York remain world’s most expensive retail destinations

Top 20 global retail rental markets:   Hong Kong is the world’s most expensive shopping destination as significant inbound tourist flows and continued increases in domestic wealth fuels occupier demand from international fashion and luxury retailers, according to new research from global property advisor CBRE Group. The CBRE rankings of prime global retail rents saw … Read more

Valentino sold for €600 million

Valentino fashion house was sold to a sovereign wealth fund for €600 million. The current deal, which will separate the Valentino brand from Hugo Boss, will see the design house sold to one of Permira‘s investors,according to brisbanetimes. The fund has not been identified. In 2011, Valentino had sales of €322.4 million, up 20 per … Read more