Forget fast or slow fashion, now it’s ground to a halt. A mountain of apparel stock has been piling up in stores, distribution centers, warehouses and even shipping containers during months of COVID-19 lockdowns.
Last year, Gap, Pimkie and H&M left the Parisian mid-market commercial thoroughfare, while Parfois and Tezenis came in, ahead of JD Sports and the re-opening of the La Samaritaine shopping centre in spring 2020.
New York commercial real estate landlord Brookfield has bought a majority interest in the California Market Center and plans to convert showrooms in the downtown LA fashion building to offices for creative professionals.
Italy's wealthy family businesses, such as Luxottica, are fed up with a stagnant economy and meagre returns on their cash, are ditching their extended circle of financial advisers and striking out on their own.
Swedish construction company Skanska plans to expand its commercial property development business in the USA, betting interest rates won't rise fast enough to dent strong investor demand for high-yielding real estate.