Latest news with #Unibail-Rodamco-Westfield
Argaam
4 days ago
- Business
- Argaam
Cenomi Centers: Westfield branches in Jeddah, Riyadh to raise 2026 EBITDA by SAR 650M
Alison Rehill Erguven, CEO of Arabian Centres Co. (Cenomi Centers), said the financial impact of the Westfield Jeddah and Riyadh projects is expected to boost EBITDA by 40%, or SAR 650 million. Through its partnership with Unibail-Rodamco-Westfield (URW), Cenomi Centers will develop six malls, of which Westfield Jeddah and Westfield Riyadh will be opened by 2025-end and by Q2 2026, respectively. In an interview with Asharq Business, Erguven said the relevant financial impact is expected to show in 2026 once both malls are up and running. Regarding the completion of Cenomi Centers' program to sell non-core assets at an estimated market value of around SAR 2 billion, the CEO added that the company will exit the remaining assets worth SAR 900 million in the second half of 2025. Most of these are land plots located in Al-Qassim. In May, Cenomi Centers signed an exclusive 10-year strategic partnership and franchise agreement with URW, under which the former obtains exclusive licensing rights for the Westfield brand in Saudi Arabia, Argaam earlier reported. Cenomi Centers' net profit rose to SAR 688.8 million in H1 2025, compared to SAR 531.5 million during the same period in 2024, while the second-quarter profit reached SAR 471.8 million.
Fashion Network
23-07-2025
- Entertainment
- Fashion Network
Westfield London to host "Europe's largest immersive art experience"
With 'shared values around sustainability and cultural engagement', the collaboration 'opens up new possibilities for mass-scale storytelling and provides a powerful platform to connect millions through art, and directly responds to consumer demand for more innovative, experiential spaces that integrate culture, creativity, and purpose', mall operator Unibail-Rodamco-Westfield said. It also 'reinforces Westfield London's position as a leading cultural and leisure destination, marking an ambitious next chapter both for the centre and for… Wake The Tiger', it added. The design and delivery of the space will be powered by hundreds of artists, makers and multidisciplinary creatives. Two decades in the making, 'it marks the collective's most ambitious project to date and will invite Londoners and tourists into a parallel world of imagination and otherworldly art'. Jacinta Rowsell, managing director, customer & retail operations, Northern Europe, at URW, added: 'As we continue to evolve our centres, Wake The Tiger is a bold, strategic addition to our leisure line-up at Westfield London. It reflects our commitment to creating world-class, mixed-use destinations where leisure, entertainment and purpose come together to deliver culturally rich experiences beyond traditional retail. 'With 96% of Londoners shopping to escape the everyday, we're proud to transform one of Westfield London's anchor spaces with this genre-defining concept.' Wake The Tiger will join Westfield London's expanding line-up of leisure, entertainment and competitive socialising concepts, alongside TOCA Social's largest venue to date, the 620-seat Capital Theatre opening in October, Moonshot's first UK site, City Bouldering, Puttshack, DIVR Labs, Vue, All Star Lanes, Java Whiskers and Gymbox.
Fashion Network
22-07-2025
- Entertainment
- Fashion Network
Westfield London to host "Europe's largest immersive art experience"
A big art installation deserves a big venue and Westfield London is set to stage Europe's biggest -- 'Wake The Tiger' -- for summer 2026. And as retail-based experiences are increasing in size and importance, the Bristol -based team behind Boomtown Festival will bring its 'genre-defining' Amazement Park to the capital, making Westfield London 'the home to Europe's largest immersive art experience'. Wake the Tiger's arrival will see the mall's 80,000 sq ft anchor unit, formerly home to KidZania, 'reimagined as a cultural and leisure destination'. With 'shared values around sustainability and cultural engagement', the collaboration 'opens up new possibilities for mass-scale storytelling and provides a powerful platform to connect millions through art, and directly responds to consumer demand for more innovative, experiential spaces that integrate culture, creativity, and purpose', mall operator Unibail-Rodamco-Westfield said. It also 'reinforces Westfield London's position as a leading cultural and leisure destination, marking an ambitious next chapter both for the centre and for… Wake The Tiger', it added. The design and delivery of the space will be powered by hundreds of artists, makers and multidisciplinary creatives. Two decades in the making, 'it marks the collective's most ambitious project to date and will invite Londoners and tourists into a parallel world of imagination and otherworldly art'. Jacinta Rowsell, managing director, customer & retail operations, Northern Europe, at URW, added: 'As we continue to evolve our centres, Wake The Tiger is a bold, strategic addition to our leisure line-up at Westfield London. It reflects our commitment to creating world-class, mixed-use destinations where leisure, entertainment and purpose come together to deliver culturally rich experiences beyond traditional retail. 'With 96% of Londoners shopping to escape the everyday, we're proud to transform one of Westfield London's anchor spaces with this genre-defining concept.' Wake The Tiger will join Westfield London's expanding line-up of leisure, entertainment and competitive socialising concepts, alongside TOCA Social's largest venue to date, the 620-seat Capital Theatre opening in October, Moonshot's first UK site, City Bouldering, Puttshack, DIVR Labs, Vue, All Star Lanes, Java Whiskers and Gymbox.
Fashion Network
23-06-2025
- Business
- Fashion Network
Repair specialist SOJO makes move into France, adds two permanent hubs in London
It marks SOJO's permanent presence at both Westfield centres and 'introduces a modern, accessible solution for clothing repairs and alterations, right in the heart of the high street'. Shoppers at the two malls can visit the firm's Fix & Fit workshop for a free consultation, 'where expert tailors are on hand to take care of all alterations. Finished items can be collected in person or delivered to their door'. The company also continues to offer its services online. SOJO said that insights from Westfield's latest How We Shop: From Play To Purpose report reveal that 45% of Boomers and 31% of UK women are actively seeking more opportunities to repair or refill products – 'a clear sign of shifting values away from fast fashion and towards long-lasting, conscious consumption'. Katie Wyle, Director of Shopping Centre Management, Northern Europe at Unibail-Rodamco-Westfield, said: 'We're proud to be bringing SOJO to both of our centres – a move that reflects exactly what our customers are asking for: more sustainable, service-led retail experiences… Fix & Fit offers a smart and stylish solution to fashion longevity, perfectly aligned with Westfield's commitment to shaping a more conscious retail future. With 59% of UK consumers seeking more reuse and repair options over the next five years, this partnership is both timely and essential.'
Fashion Network
23-06-2025
- Business
- Fashion Network
Repair specialist SOJO makes move into France, adds two permanent hubs in London
It marks SOJO's permanent presence at both Westfield centres and 'introduces a modern, accessible solution for clothing repairs and alterations, right in the heart of the high street'. Shoppers at the two malls can visit the firm's Fix & Fit workshop for a free consultation, 'where expert tailors are on hand to take care of all alterations. Finished items can be collected in person or delivered to their door'. The company also continues to offer its services online. SOJO said that insights from Westfield's latest How We Shop: From Play To Purpose report reveal that 45% of Boomers and 31% of UK women are actively seeking more opportunities to repair or refill products – 'a clear sign of shifting values away from fast fashion and towards long-lasting, conscious consumption'. Katie Wyle, Director of Shopping Centre Management, Northern Europe at Unibail-Rodamco-Westfield, said: 'We're proud to be bringing SOJO to both of our centres – a move that reflects exactly what our customers are asking for: more sustainable, service-led retail experiences… Fix & Fit offers a smart and stylish solution to fashion longevity, perfectly aligned with Westfield's commitment to shaping a more conscious retail future. With 59% of UK consumers seeking more reuse and repair options over the next five years, this partnership is both timely and essential.'
