The Polish company is cooperating with the Chancellery of the Prime Minister as regards supporting the Polish government in the purchase of protective measures for health care facilities such as overalls, masks, disinfectants and thermometers. The Pomeranian clothing manufacturer will … Continue reading
Whole M&S Family has come together (including M&S Bank and M&S Energy) to support long-standing M&S partner, Neighbourly The Neighbourly Community Fund, kickstarted by M&S, will support hundreds of local organisations (from food banks to youth clubs) to immediately deliver on the … Continue reading
The EBRD, which invests in 38 emerging economies across three continents has launched an emergency package worth an Initial €1 billion to support companies in its countries suffering because of the crisis. More detailed economic forecasts for the EBRD regions will be … Continue reading
The document can be downloaded for free by following this link: http://bit.ly/SSC_Covid19 The scale and scope of risks faced by retail and shopping center operators today are expanding and evolving faster than ever before. The Covid-19 pandemic is hitting the shopping … Continue reading
It is a time of uncertainty for entrepreneurs but also for their staff. “This is about solidarity–to our fellow men and women but also our domestic economy,” says kika/Leiner CEO Reinhold Gütebier. “This is why we at kika/Leiner decided to … Continue reading
The owners of Polish clothing, footwear, accessories and other brands have come together to take actions that will contribute to saving Polish companies, and thus the jobs of hundreds of thousands of employees, as well as a whole host of co-operators working with … Continue reading
The government authorities in all countries where IMMOFINANZ owns and operates retail properties have recently imposed restrictions and implemented various measures to contain Covid-19. These measures affect various aspects of everyday life, among others through the temporary shutdown of retail … Continue reading
By Carmen Trepat More than ever we have come to realize that we live in a V.U.C.A. world (Volatile, Uncertain, Complex, and Ambiguous). It is often said that “change is the only constant” and this is certainly true of the … Continue reading
Reed Midem announced at the beginning of this month that Mipim will not take place from March 10 to 13, 2020 due to the coronavirus. The biggest real estate fair in Cannes was rescheduled for June 2 to 5, 2020. … Continue reading
Restrictions imposed to prevent the spread of the COVID-19 virus currently limit the operations of Unibail-Rodamco-Westfield in several of its markets, as announced on March 16, 2020. Since then, further restrictions have been added in France and Germany and the … Continue reading
By Manfred Wiltschnigg In light of the enormous dynamics of the corona pandemic, which has reached virtually all countries around the globe (albeit at varying degrees), it is hard to predict which consequences are to be expected in the medium … Continue reading
Missing customer frequencies and temporary forced closings as a result of the containment measures threaten the existence of many retailers. Lowering the rent or even suspending the rental payment for the duration of the closure can help minimize one of the … Continue reading
Over the last week, shopping centres within Poland, the Czech Republic and Slovakia have faced government imposed trading restrictions. In all three countries the restrictions exclude grocery stores/supermarkets, pharmacists/drugstores and other necessity services. As of yesterday, Russia also announced its … Continue reading
Oliver Schumy, CEO of IMMOFINANZ AG, leaves the Company as member of the Executive Board as March 18, 2020. The premature termination is based on mutual agreement due to personal reasons. “Oliver Schumy has made a valuable and lasting contribution … Continue reading
By Chris Igwe Over the past few years, there was a lot that has challenged the retail real estate sector at multiple levels that we do not need to enumerate here. We really did not need the coronavirus to further … Continue reading
By Jörg Bitzer One of the challenges that the current Corona crisis enforces upon us is the fact that it is yet totally unpredictable. The only “knowledge“ we do have so far, is that China`s hotspot Wuhan, having been quarantined … Continue reading
In addition to the information released on 16 March, the group has according to authorities temporarily also closed all its stores in Switzerland, Greece, Slovakia, Lithuania, Peru, Ukraine, the Philippines, Malaysia and Cyprus. The H&M group’s customers can still shop … Continue reading
“We’ve been following the activities of of the Polish government in the face of the epidemic threat with appreciation and attention. The safety and health of all Polish citizens is a priority for all of us. We are convinced that … Continue reading
“The business environment in the retail sector has changed very rapidly due to the effects of the coronavirus, and we estimate that the current situation will have a significant impact on our sales in the short term. In this challenging … Continue reading
Europe’s shopping streets are currently deserted. Besides Italy, France, Austria, and some other countries, even Germany has now decreed extensive store closures. This measure is supposed to help contain the coronavirus. Supermarkets, beverage shops, pharmacies, health care supply stores, drug … Continue reading
