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Simon Property, McArthurGlen form JV for European outlets
Indianpolis -- Simon Property Group and McArthurGlen Group announced an agreement to form a joint venture through which SPG will invest in McArthurGlen, the leader in upscale, European designer outlets.
Under the agreement, SPG will acquire an ownership interest in six properties and will also become a partner in McArthurGlen's property management and development company. Included assets are in Austria, Italy, the Netherlands, the United Kingdom and Canada.
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Walmart freshens up its produce aisle
BENTONVILLE, Ark. — Walmart is putting its money where its mouth is and not only making changes across produce sourcing, training and operations to offer customers fresher produce, but also rolling out a 100% money-back guarantee.
According to the company, customers who are not completely satisfied with its produce can bring back their receipt for a full refund, no questions asked and no need to bring back the produce.