Prada

Las Vegas -- MGM Resorts International CEO Jim Murren said Wednesday that the company is considering selling parts of its $8.5 billion CityCenter project on the Las Vegas Strip, including the Crystals Mall.

The sell-off would be a move to reduce CityCenter’s $1.85 billion in debt, which has been paid down from $2.5 billion last year.

CityCenter also houses the 4,000 Arai hotel casino which, said Mullen, is not part of any potential sale.

Santa Clara, Calif. -- Westfield announced that David Yurman and Miu Miu will open first-to-market stores at its Westfield Valley Fair property in Santa Clara, Calif. A new Prada boutique will open as well, joining other luxury retailers such as Burberry, Tag Heuer, Wolford, Mont Blanc, Louis Vuitton, Tiffany and Cartier.  

Indianapolis -- Simon Property Group said Wednesday it has acquired Paragon Outlets Grand Prairie in Grand Prairie, Texas, and Paragon Outlets Livermore Valley in Livermore, Calif.

Simon now owns 100% of each asset.

The 417,000-sq.-ft. Grand Prairie center is tenanted by Saks Fifth Avenue Off 5th, Bloomingdale's The Outlet Store, Coach, Cole Haan, DKNY, Hugo Boss, Kate Spade New York, J.Crew, Michael Kors, Nike and Tommy Hilfiger. The center opened in August 2012 and is 100% leased.

NEW YORK — Luxury shoe retailer Stuart Weitzman has promoted Susan Duffy to chief marketing officer. Duffy, who joined the company in April 2011 as SVP global marketing and communications, will continue to lead marketing, advertising, public relations and social media to ensure the branding message is consistent across all worldwide communications platforms as the company expands into new markets.

Short Hills, N.J. -- Mulberry has opened a new store at Mall at Short Hills (N.J.), on the upper level near Bloomingdale’s, and will be followed by Robert Graham and Vilebrequin openings this summer.

Robert Graham will make its New Jersey debut this summer in its third freestanding U.S. boutique. And men’s swimwear retailer Vilebrequin makes its New Jersey debut this summer as well.

Newly opened stores recently added to this list include Ermenegildo Zegna, Miu Miu, Prada, Victorinox Swiss Army and
Vineyard Vines. 

NEW YORK — Uniqlo’s NYC flagship may at first seem out of place amongst its Fifth Avenue neighbors, including luxury brands Tiffany & Co., Bergdorf Goodman, Louis Vuitton and Prada, but the location signifies the brand’s “made for all” mantra and its appeal to customers of all income levels.

Indianapolis -- Simon Property Group announced Tuesday that its Premium Outlets division will expand four of its most productive Premium Outlet properties located in California, Florida, Illinois and Washington. 

Construction on these expansions is scheduled to begin in 2012, and total 450,000 sq. ft. of added space.

Hong Kong -- Italian fashion house Prada, which is preparing for an initial public offering of about $2 billion in Hong Kong, said it plans to use most of the proceeds on expansion and renovation of its stores over the next 18 months.

The Milan-based company said it plans to add a net total of about 80 directly operated stores by the end of January 2012, most of them in the Asia Pacific region, where it sees "substantial potential for growth," Prada said in the a regulatory filing.