Latest news with #ValueRetail
Daily Mail
2 days ago
- Business
- Daily Mail
Boss of shopping centre owner Hammerson to step down after five years
The boss of Brent Cross and Bull Ring shopping centre owner Hammerson is leaving after five years. In a surprise update, the company said Rita-Rose Gagne will leave in 2026. Chairman Robert Noel praised her 'outstanding leadership and immense contribution', saying she drove a substantial turnaround. Gagne, 62, previously a senior partner at global law firm Fasken, said: 'I have been privileged to work with our talented teams to transform our culture, balance sheet and portfolio.' She added that now was the right time to 'pass on the baton' and retire from the firm. Hammerson's underlying earnings fell 15 per cent to £99million last year after it offloaded assets, including its stake in Value Retail, owner of Bicester Village near Oxford. It booked a £497million impairment in the first half of 2024 due to the sale, despite banking £595million from the deal.
Times
11-05-2025
- Business
- Times
Bicester Village at 30: what's the secret to its success?
When Scott Malkin first arrived in Bicester in 1991 it was a one-horse town. 'I came to take a look at a piece of land just off the M40. All I could see when I got there was a forlorn-looking mare wandering around fields that were filled with debris,' he recalls. But Malkin liked what he saw and bought the land for £15 million. What the boss of Value Retail did next changed shopping for ever. He created the world's first upscale discount-fashion shopping centre: Bicester Village. 'Nobody in Britain thought it would work,' he says with a laugh. Back then outlet malls were cheap and not-so-cheerful jumble sales of 'factory shops' with a naff food court. How wrong the critics were. Bicester Village,
