Daily limit: 0/10
Aritzia Acquires Fred Segal And Leases Melrose Avenue Flagship For U.S. Growth Strategy
SOLD
National
See Similar DealsSOLD
Aritzia Acquires Fred Segal And Leases Melrose Avenue Flagship For U.S. Growth Strategy
Summary
Transaction Type:Sale
Aritzia has acquired the Fred Segal brand and entered into a lease agreement for its Melrose Avenue flagship in Los Angeles. Plans include renovating the ivy-covered facade to create a new experiential retail destination as part of its U.S. expansion strategy.
Summary of transaction details:
- Deal Type: Acquisition and Lease
- Transaction Amount: Not disclosed
- Company: Aritzia
- CEO: Jennifer Wong
- Headquarters: British Columbia, Canada
- Previous Owner: Global Icons
Aritzia aims to reimagine the Fred Segal brand for a new generation following the brand's store closures by 2024. This acquisition is a strategic fit within Aritzia’s Everyday Luxury plan, highlighting its commitment to U.S. market growth.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
Is there something missing? Send suggestions