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Simon Property and Paragon Outlet in joint venture to open outlet center
INDIANAPOLIS -- Simon Property Group and Paragon Outlet Partners, Baltimore, have signed a letter of intent to jointly develop Charlotte Premium Outlets, in Stallings, N.C.
Projected to open in 2014, the outlet center will be 400,000 sq. ft. and will house approximately 100 designer and name brand stores.
The project, which is expected to break ground during spring 2013, is a 50/50 joint venture between Simon Property Group and Paragon Outlet Partners.
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Claire’s Stores makes El Salvador debut
Chicago -- Claire's Stores announced the opening of the first Claire's store in El Salvador. The store is located in the Metro Center Mall in the city of San Salvador.
Claire's partnered with Coquerias S. A. for the new store. Coquerias S.A. is also Claire's franchise partner in the Guatemala market.
With the opening in El Salvador, the Claire's brand now reaches 34 countries globally.