Hammerson is to slash rents for its retail tenants by around 30% as UK stores reopen post-Lockdown 3. UK & Ireland MD Mark Bourgeois said that “typically, we're resetting our rents to more affordable levels”.
With European populations slowly but surely being vaccinated, designers on the Continent are suddenly expressing a new optimism. Few more so than Demna Gvasalia of Balenciaga in Balenciaga's winter 2021 pre-collection.
The French men's fashion institution has elected the Rick Owens CEO to the head of its governing board. She succeeds Celine's Séverine Merle, while Maison Margiela CEO Gianfranco Gianangeli has become vice president.
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