Blog

Lindt Sweet On Canada

July 17, 2014

Swiss Chocolatier Lindt is set to open several new locations in Canada and have retained Canadian based real estate brokerage firm Think Retail, to assist with their retail expansion.

The company is planning to open five (5) locations in 2015 and another five (5) sites in 2016. The following markets are targeted for growth: Ontario, Alberta, BC, Quebec and New Brunswick. Lindt will consider openings in outlet centres, high streets, super regional malls, large open air centres, airports and tourist destinations. Size required is 1250-1800 square feet. Preferred co-tenants include Whole Foods, William Sonoma, Sephora, Michael Kors, Lululemon, J Crew, Polo, Anthropologie, Cineplex Odeon, and a mix of casual full-service restaurants.

Lindt recently opened two Canadian stores: Niagara Outlet Collection and Wellington Crossing (in London). Two more units are confirmed for fall - Landsdowne Park in Ottawa and Montreal Premium Outlets. The company expects to finish the year with 22 Canadian stores.

In other MAJOR news, yesterday, Lindt agreed to acquire Russell Stover Candies Inc. “It is a billion (dollar) deal. How much more than one billion I cannot say,” stated Lindt Chairman and Chief Executive Ernst Tanner in an interview on Monday. Russell Stover generates annual sales of about $600 million. The deal gives Lindt around 10% of the U.S. chocolate market, ahead of Nestle. Shares of Lindt’s parent company, Chocoladefabriken Lindt & Spruengli AG, are up nearly 3% on the news and over 15% so far this year.

Lindt & Sprungli is recognized as the market leader in premium quality chocolate, offering a large selection of products in over 100 countries around the world. During more than 160 years of Lindt & Sprungli’s existence, it has become known as alone of the most innovative and creative companies companies making premium chocolate, with six production sites in Europe, two in the US and distribution and sales on four continents. Globally, the company employs approximately 9,000 people. In 2013, Lindt & Sprungli reported net sales in excess of $2.88 billion.

For additional information on Lindt, please visit their website at www.lindt.ca.

Lole Lives Loud With Soho Opening

July 16, 2014

In June, ladies active wear specialist Lole, opened its first location in New York in the trendy neighbourhood of Soho. The boutique is located at 112 Mercer Street. The store is magnificent and incorporates all of the key Lole bells and whistles: Living Wall, iPad\Social Wall, Community Table, Lole Pantry…etc. See attached photo.

Catering to the active woman, Lole stores specialize in the sale of technical, versatile and feminine fashion apparel for urban woman. The customer experience is unique highly interactive, and is focused on wellness and community. All locations offer free exercise meet-ups twice weekly at the local park, as well as, lectures given by yoga\pilates specialists, and nutrition experts. Tea and fruits are served daily at each store location.

The Soho opening was preceded by Lole’s White Yoga session which was held at MOMA. The session was spectacular and attended by over 600 yoga enthusiasts. Click on the link to see a video of this wonderful event https://www.youtube.com/watch?v=xUNhNm1uCUc.

Also in June, Lole opened it’s 14th Canadian location in beautiful Banff, Alberta. The store is located at 130 Banff Avenue, in the heart of the Banff Avenue (street) Mall. 

Three (3) more Canadian locations are confirmed and will open this year. They include Toronto Premium Outlets, Square One in Missassagua, Ontario and in Whistler, British Columbia.
In addition to the above, Lole is looking to add 5-6 stores in Canada in 2015. Markets of interest include Toronto, Calgary and Vancouver. Store size range from 1250-1600 square feet. Lole will consider locations in super regional malls, high streets, outlet centres and tourist destinations. For additional information, please contact Think Retail, Lole’s exclusive Canadian real estate broker.

In other Lole news, just last month, the company announced that private equity firm Kilmer Capital had sold its majority position in Coalision Inc (Lole’s parent company) to an international investment fund led by Bernard Mariette, the company’s president and CEO, and Simon Equity Partners, André Desmarais (owner of Power Corporation of Canada and La Presse), members of the Hermès family. The company is now poised and ready for international expansion. Following the transaction, Lole announced plans to open fifty stores during the next five years.  For more information on Lole, please visit their website at www.lolewomen.com.

Bizou to Launch in Saudi Arabia

July 07, 2014

Canadian based fashion accessories specialist, Bizou, will open its first location in Saudi Arabia at Panorama Mall in Riyadh. The store is scheduled to open in early September.

Bizou’s push into Saudi Arabia is part of license agreement with Qaiymah Products Inc, a wholly owned subsidiary of Rubaiyat Co. Rubaiyat was founded in 1980 by the Binzagr family, and is a major player in the Saudi market.The company is the exclusive Saudi wholesaler and operator for premium luxury brands such as A\X Armani, Gucci, Prada, Ermenegildo Zegna…etc. The partnership between Bizou and Qaiymah will see Bizou open 20+ locations in Saudi Arabia during the next few years.

In other Bizou news, earlier this year, Bizou opened its location in France at La Toison Dor in Dijon. 
Closer to home, in late October, Bizou will open their first outlet store at Simon Property Group’s Montreal Premium. The store will be 800 sq.ft and will be located at the mall’s 50 yard line, adjacent Michael Kors, Banana Republic, Watch Station, Coach, BCBG…etc. The transaction was negotiated by Think Retail who is Bizou’s exclusive Canadian real estate broker. 

In addition to the above, Think Retail  be making another major announcement regarding Bizou  in the next month. Stay tuned for the exciting details. 

Bizou was founded in 1984, by Marcel Labrecque. Today, the company operates 130 stores.  For more information on Bizou, please visit the company’s website at www.bizou.com.

Surplus The Official Diesel Outlet Opens in Niagara

June 30, 2014

In mid-June, Surplus The Official Diesel Outlet opened its fifth (5th) Canadian location, at the Niagara Outlet Collection, in Niagara On the Lake, Ontario.The store is 1,750 sq.ft and is strategically situated adjacent globally recognized super-brands such as J Crew, DKNY, Kate Spade, Bebe, Banana Republic, Polo…etc.

Surplus is Diesel’s Official Canadian outlet store. All shops carry a full selection of Diesel’s premium luxury denim, clothing and accessories.

This transaction was negotiated by Think Retail who is the exclusive Canadian real estate broker for Surplus The Official Diesel Outlet. 

Diesel was founded in 1978, by Renzo Rosso. The company is based in Italy and has long been a leading pioneer in denim and casual fashion. 

With the doors now open in Niagara, Surplus is now prepared to look for additional growth. The company is now interested to open in 2016, another location in the province of Ontario. Store size ranges from 1500-2000 sq.ft.  The Niagara Outlet Collection is owned by Ivanhoe Cambridge. The property opened in mid-May, at a cost of approximately $178M. The open air centre is 488,000 sq.ft with 80 stores including such tenants as Michael Kors, Brooks Brothers, Coach, Ugg, Chicos, Nike, Bass Pro….etc. 

Ivanhoe has also recently confirmed that it will open outlet collections in Edmonton and Winnipeg. Both are scheduled to open in 2017. In addition, the company is currently pre-leasing Tsawwassen Mills in British Columbia, which opens in May 2016. 

For more information on Surplus The Official Diesel Outlet, please visit their website at www.surplusclothing.ca.

Fossil to Open 9 Canadian Locations in 2014

May 16, 2014

In April, watch and accessories specialist Fossil opened three Canadian locations - Masonville Place in London, Lime Ridge in Hamilton and Quartier Dix30 in Montreal. 

This morning Fossil opened at Ivanhoe Cambridge’s Niagara Outlet Collection. Further, later this month, the company will open their Canadian flagship store on Bloor Street in Toronto. This will be Fossil’s first Canadian location that will showcase the company’s new, upscale and modern design prototype (see photos). 

Fossil is also scheduled to open in the following shopping centres: Market Mall (Calgary), Polo Park (Winnipeg), Tanger Ottawa Outlets and Montreal Premium. The company will finish the year with 33 Canadian locations. 

In addition to the above, we can now confirm that Fossil has finalized their 1st deal for 2015 which is scheduled to open next May at Vaughan Mills.

Fossil continues to expand in Canada. Markets of interest include Toronto, Calgary and Vancouver. The company will consider opportunities in super regional shopping centres, outlet centres and high street locations. Optimal store size is 1250-1500 square feet. Outlet locations require 3000 square feet. 

For more on Fossil, please visit their website at www.fossil.com.

Lole - New Ownership and New Markets

May 15, 2014

In early May, ladies activewear specialist Lole made a blockbuster announcement that an investment group led by Bernard Mariette, CEO & President of Coalision Inc has purchased a majority interest in Coalision. The new ownership group includes some very high profile backers - Simon Equity Partners, (the private investment arm of Simon Property Group), members of the Hermes family, the Desmarais Group (owners of Power Corporation of Canada & La Presse) and the Fonds Solidarite FTQ.

The new investment will enable Lole to expand its retail and e-commerce business internationally, as well as its global wholesale business. Mr. Mariette stated that ’This strategic financial transaction represents a turning point for Lole as it confers upon us the network, the expertise and the financial strength to compete worldwide with major players in the industry.’ In the last 3 years alone revenues have grown by over 130%. 

With respect to its retail expansion, Lole’s plans are aggressive. Fifty (50) new openings are forecasted during the next five (5) years. In this regard, the company just confirmed that it will open a new store in trendy, upscale Soho fashion district in New York City. The boutique is located at 112 Mercer Street . A June opening is scheduled.

Further to the above, in July, Lole will open in Whistler; this will be the company’s first store in British Columbia. Lole also just finalized an agreement for McArthur Glen’s upscale designer outlet in Vancouver, which is scheduled for a fall 2016 opening. In addition, the company will open 2 (more) boutiques this summer in Ontario. The first with Simon Property Group at Toronto Premium; the second Ontario location will open at Square One (Ontario’s largest shopping centre). 

Going forward, Lole has forecasted 5-6 Canadian opening for 2015. Markets of interest include Calgary, Toronto and Vancouver. Size required is 1250-1500 square feet. The company’s preference is to open on downtown high streets and super regional shopping centres.

For additional information on Lole, please visit their website at www.lolewomen.com.