ZALANDO PARTNERS WITH UNIBAIL-RODAMCO-WESTFIELD
Zalando continues to push its Connected Retail program and has signed its first partnership with a mall specialist. The mail-order company has signed an agreement with Unibail-Rodamco-Westfield (“URW”), which is Europe’s biggest mall owner after its acquisition of Westfield around three years ago.
EUROPE'S BIGGEST MALL OWNER BUYS WESTFIELD FOR $25 BILLION
Europe’s biggest commercial property company is to buy Westfield, the Australian company behind the UK’s two highest-earning shopping centres, in a $25 billion deal that will create the world’s largest mall operator. French Unibail-Rodamco plans to roll out Westfield centres in Europe and the US. The planned tie-up comes as the growing number of people buying items online, fuelled by Amazon, forces shopping centre operators to focus on their best assets.