Latest Shop Premium Outlets News
Oct 4, 2019
Simon Property Group executed a significant minority investment in Rue Gilt Groupe. Per the agreement, Simon will contribute approximately $280 million to RGG, including the value of Shop Premium Outlets. ShopPremiumOutlets.com delivers world-class brands at outlet pricing currently encompassing 26 merchants with over 2,000 designers and 300,000 products. Rue Gilt Groupe is an off-price ecommerce company connecting more than 25 million members through strategic merchandising, technology and marketing. Simon is a global leader in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company. Morgan Lewis team advising Rue Gilt Groupe included Partners Richard Aldridge (Picture), Kevin Shmelzer, Jeff Bodle, and Douglas Kingston.