Kering sells Italian luxury outlets to U.S. investor Simon
Published by Global Banking and Finance Review
Posted on January 30, 2025
1 min readLast updated: January 26, 2026

Published by Global Banking and Finance Review
Posted on January 30, 2025
1 min readLast updated: January 26, 2026

Kering sold its Italian luxury outlets to Simon for 350M euros, as part of a real estate restructuring. Kering brands will stay at the Florence and Sanremo locations.
PARIS (Reuters) - French luxury group Kering announced on Thursday it had sold 100% of its Italian The Mall Luxury Outlets to U.S. real estate investor Simon, generating some 350 million euros in net proceeds as part of a wider plan to restructure its real estate portfolio.
Kering's brands will maintain a presence in the two sites, located near Florence and Sanremo, the company said.
(Reporting by Tassilo Hummel; Editing by Makini Brice)
The main topic is Kering's sale of its Italian luxury outlets to U.S. investor Simon, generating 350 million euros and part of a real estate restructuring plan.
U.S. real estate investor Simon purchased Kering's Italian luxury outlets.
Kering's brands will maintain a presence in the outlets located near Florence and Sanremo.
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