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Muji continues U.S. store expansion
A Japanese lifestyle brand with a devoted following has opened an outpost in one of New York City's most hip neighborhoods that will serve as a model for future expansion. Muji has opened a 7,300-sq.-ft. store in the Williamsburg section of Brooklyn. It is the retailer’s seventh store in the greater New York City area. In addition to New York, Muji has six locations in California, one in New Jersey and one in Boston. It plans to add more U.S. stores next year.
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Howard Hughes CEO re-ups for 10 years
David Weinreb, who took The Howard Hughes Corporation public, will now take the company well into the next decade. The Dallas-based company announced it has entered into a new employment agreement with Weinreb that runs through 2027. As part of the deal, Weinreb completed the acquisition of nearly two million stock warrants in the company at a cost of $50 million.
