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McArthurGlen sales hit record £3.4bn

Outlet owner McArthurGlen’s sales grew 10% over the past 12 months to a record €4bn (£3.4bn).

Like-for-like sales across the retailer group’s 22 shopping centres in Europe and Canada were up 10% on 2015.

The group will open its 23rd centre in Provence, southern France, in spring 2017 and will expand to its 10th country next year when it begins work on a shopping centre in Malaga, southern Spain.

Julia Calabrese, CEO of McArthurGlen Group, said: “Our three-pronged approach of organic growth, new development, and acquisition is paying dividends. Our newly acquired centre in Ochtrup [north-west Germany] performed exceptionally well. We are 75% leased in Provence, our first south of France designer outlet, and we have also just seen record weekend footfall at our flagship designer outlet Serravalle, near Milan.”

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