Simon Property, McArthurGlen form JV for European outlets
Indianpolis — Simon Property Group and McArthurGlen Group announced an agreement to form a joint venture through which SPG will invest in McArthurGlen, the leader in upscale, European designer outlets.
Under the agreement, SPG will acquire an ownership interest in six properties and will also become a partner in McArthurGlen’s property management and development company. Included assets are in Austria, Italy, the Netherlands, the United Kingdom and Canada.
"This venture supports and extends our international growth strategy, and we look forward to collaborating on ways to further enhance McArthurGlen’s platform for retailers and customers," said David Simon, chairman and CEO, Simon Property Group.
McArthurGlen Group currently has 21 Designer Outlets in eight countries, and introduced the concept of designer outlet retailing to Europe in 1995.
Brown Shoe CEO adds chairman to title
St. Louis — Brown Shoe Co. said Monday that president and CEO Diane Sullivan has been named chairman of the board, effective Feb. 2, 2014.
Current chairman Ron Fromm will step down but remain a member of Brown’s board.
Sullivan joined Brown Shoe in 2004 as president.
Former Cole Haan exec lands president role at Nina Footwear
NEW YORK — Nina Footwear has appointed Alan Johnson as president of Nina Footwear Corp, a newly created position at the company. In his new role, Johnson will oversee design, sales and marketing for Delman and all Nina branded divisions, including shoes, bridal, handbags and kids.
He will work closely with the company’s CEO, Ezra Dabah, and chief strategic officer Jason Yagoda. Most recently Johnson held the position of VP of sales for women’s accessories and women’s and men’s footwear at Cole Haan. Prior to his tenure at Cole Haan, he was director of sales at Hugo Boss USA.
"Alan is a well-respected leader with a proven track record. His strength in sales, merchandising and creative skills will help drive our strategy as we build Nina into a lifestyle brand," said Dabah. "We look forward to seeing Nina as a relevant, strong player in the daytime category while growing our dominant share of the special occasion business. We also see the opportunity to uniquely position Delman within the luxury segment under Alan’s leadership."
"Nina and Delman are two great American brands that have graced the feet of women for more than half a century," added Johnson said. "Glamorous and powerful women from Marilyn Monroe and Queen Elizabeth to Anne Hathaway and Blake Lively have helped create an allure and mystique to the brands that continues to this day. I am thrilled to be joining a company with such rich heritage and look forward to bringing it to the next generation of consumers."
Nina Footwear Corp designs women’s and children’s fashion, marketing footwear, handbags and bridal accessories under the Nina and Delman brands. Nina and Delman are distributed worldwide in department stores, independent retailers and via its two e-commerce sites.