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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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Brown Shoe CEO adds chairman to title
St. Louis -- Brown Shoe Co. said Monday that president and CEO Diane Sullivan has been named chairman of the board, effective Feb. 2, 2014.
Current chairman Ron Fromm will step down but remain a member of Brown’s board.
Sullivan joined Brown Shoe in 2004 as president.