Primark, the international retailer that offers Amazing Fashion at Amazing Prices, confirmed it has signed leases with Klépierre, the European leader in shopping malls, to open seven new stores. The stores will be located in France (Saint-Etienne, Grenoble and Nantes) and Italy (Bologna, Naples, Venice and Turin).
Jean-Marc Jestin, Chairman of the Klépierre Executive Board, said: “It is with great pride that the Group welcomes these seven new Primark stores to our malls. These future openings reflect the ability of our malls to offer the best in retail, in the best locations, with a strategy of targeted investment. This deal was possible thanks to our long-standing partnership with Primark”.
Tom Meager, Property Director for Primark said “We are delighted to announce our continued expansion in Italy and France and look forward to continuing to build our relationship with Klépierre, who we have worked with since 2007”.
Primark already has 11 stores in Klépierre’s European portfolio, located in Spain, Portugal, Germany and France. With this deal, Klépierre and Primark are reaffirming their confidence in large malls to deliver an exceptional retail experience to customers.
Source : Klépierre