×
301
Fashion Jobs
VF
Senior Finance Analyst
Permanent · 香港
VF
Assistant Regional Merchandising Manager - Men Apparel
Permanent · 香港
VF
Senior Manager, Global Supply Planning
Permanent · 香港
VF
Senior Financial Analyst
Permanent · 香港
VF
Sales Executive (6-Month Contract)
Permanent · 香港
VF
Merchandise Manager
Permanent · 香港
VF
Assistant Finance Manager – Tnf hk & Distributor
Permanent · 香港
VF
Assistant Finance Manager, Product Pricing And Margin
Permanent · 香港
EASTWOOD CONSULTANTS LIMITED
Regional Assistant HR Manager, c&b
Permanent · Hong Kong
PUMA
Manager Fabric Development
Permanent · Hong Kong
BESTEAM PERSONNEL CONSULTANCY LTD.
Garment Technician Trainee (Activewear / Sportswear)
Permanent ·
CONNECTEDGROUP LTD
Product Manager (Fashion &Amp; Hardgoods)
Permanent · KWUN TONG
CONNECTEDGROUP LTD
Global Sustainability Manager (Textile)
Permanent · KWUN TONG
BESTEAM PERSONNEL CONSULTANCY LTD.
Senior Business System Analyst
Permanent ·
NIIN
Merchandising Allocator
Permanent · HONG KONG ISLAND
BESTEAM PERSONNEL CONSULTANCY LTD.
Merchandising Manager (Beauty Team)
Permanent ·
BESTEAM PERSONNEL CONSULTANCY LTD.
Senior Merchandiser / Merchandising Manager
Permanent ·
BESTEAM PERSONNEL CONSULTANCY LTD.
Retail Operations Manager (Station in Kuala Lumpur, Malaysia)
Permanent ·
BESTEAM PERSONNEL CONSULTANCY LTD.
Divisional Manager – Administration
Permanent ·
BESTEAM PERSONNEL CONSULTANCY LTD.
Production Director/Factory Manager - Garment (Station Vietnam)
Permanent ·
BESTEAM PERSONNEL CONSULTANCY LTD.
Sales Executive/Merchandiser (Garment)
Permanent ·
BESTEAM PERSONNEL CONSULTANCY LTD.
Senior Fabric Manager (Woven & Knit Fabric)
Permanent ·

Hammerson and APG take full control of Via Outlets

Published
today Sep 3, 2019
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Hammerson and APG, the two main partners in premium outlet malls operator Via Outlets, said Tuesday that they've added to their stakes in the company to take full control. But while those stake increases are relatively small overall, the move reflects the importance of the outlets sector and how mall specialists see them as the way forward.


Via Outlets


In fact, David Atkins, CEO of Hammerson, said of the deal: “Our investment in Via Outlets is a major differentiator for Hammerson as this is a sector which continues to deliver value creation, as well as significant growth in brand sales and footfall. The management team has a clear strategy to attract new brands and deliver further extensions which will capitalise on the increased spending we are seeing in the market, and the low online penetration in this sector. This transaction also streamlines the ownership structure and enhances the governance of this strategically important business unit.”

So what are the actual details? Hammerson and APG have each increased their ownership in the business by over 3% (6.25% combined), and now each own a 50% stake in the €1.6 billion business. Their former operating partners were Value Retail and Meyer Bergman. The companies bought their extra stakes in the fast-growing firm for €32 million each.

The purchase comes after a new management structure was introduced, led by CEO Otto Ambagtsheer, formerly the COO of Via Outlets.

The investment certainly looks to be a sensible one for the owners. In 2018 Via delivered a strong trading performance across its 11 centres with brand sales up 9% to €1.07 billion and a 4% footfall increase on the previous year to welcome over 30 million visitors. And on Tuesday it said that “these key operating metrics have continued to strengthen in 2019, with brand sales up 10% on the previous period to the end of June with key marketing initiatives driving footfall growth of 8%.”
 
Ambagtsheer also said: “APG and Hammerson have long-standing interests in the premium outlet sector and their additional investment enables us to turn Via Outlets into a self-managed and independent operating organisation. This will ensure the outstanding performance is maintained, enabling us to continue to substantially outperform the wider retail market.

Via was established in 2014 to acquire and manage existing outlet centres across Europe. It has since grown its portfolio to 11 centres in nine European countries in leading tourist locations, making it the fastest growing owner of outlets in Europe and the third-largest in terms of its portfolio. Four of its malls have seen major remodelling works in the last three years and each of them has seen double-digit brand sales growth.

Copyright © 2020 FashionNetwork.com All rights reserved.