Los Angeles Faces Little Relief From Fires as Winds Persist Southern California’s devastating wildfires have once again reared their destructive heads, ravaging landscapes, threatening lives, and disrupting key industries in their path. As the fires continue to rage, the bustling metropolis of Los Angeles finds itself engulfed in chaos, with little relief in sight as […]
DAMAC and MANTRA partner in $1 billion blockchain deal
DAMAC Group, a prominent player in Dubai’s real estate market, has recently announced a groundbreaking partnership with MANTRA, a key player in the blockchain industry. This collaboration, valued at a staggering $1 billion, signifies a significant step towards digital asset innovation in the region. The partnership between DAMAC and MANTRA holds immense promise for revolutionizing […]
LVMH Bought a €50 Million Villa in Cannes for Brand Events
The luxury powerhouse LVMH Moët Hennessy Louis Vuitton SE has made headlines with its recent acquisition of a historic villa in Cannes, France, for approximately €50 million ($52.7 million). This strategic move allows LVMH to showcase its prestigious fashion, cosmetics, and beverage brands during high-profile events in the glitzy French Riviera. Sources have revealed the […]
Kering Seen Closing Property Deal in Early 2025 to Cut Debt Load
In a strategic move to address its debt challenges, Kering SA, the luxury conglomerate known for brands like Gucci, is preparing to finalize a significant investment deal expected to close in early 2025. This deal will establish a new entity to manage Kering’s extensive real estate portfolio, valued at approximately €4 billion ($4.2 billion), encompassing […]
Macy’s New Activist Wants Retailer to Create Real Estate Arm
In a bold move signaling a potential shift in strategy, Barington Capital Group is urging Macy’s Inc. to make significant changes aimed at boosting its stock price. The activist investor firm has suggested several measures, including cutting capital expenditures, forming a separate real estate group, and exploring strategic alternatives for its Bloomingdale’s and Bluemercury chains. […]