Simon Makes 'Best and Final' Offer for Macerich

By Andrew Asch | March 19, 2015

The board of directors for the Macerich Co. unanimously rejected an unsolicited bid from mall giant Simon Property Group Inc. on March 17. Simon made its "best and final" offer for Macerich on March 20.

2014 Retrospective

From domestic employment figures and the latest import/export data to retail real estate and retail sales, the editors of California Apparel News take a look at some of the key indicators for the apparel industry in 2014.

2014 Retrospective: Real Estate: Retail Rents Climb in Beverly Hills

During the past year, rents on several prime Los Angeles shopping streets have stayed the course and not risen over last year.

2014 Retrospective: Retail Sales: Target, Macy’s Navigate Tough Year

As 2014 came to a close, Target Corp. was still dealing with the massive data breach of 2013 and taking steps to bring back the Minneapolis-headquartered company’s cheap chic glory days of the 1990s.

2014 Retrospective: Retail Sales: Urban Outfitters/Wet Seal

2014 has been a year of headlines for Urban Outfitters Inc and business seems to have been particularly tough at The Wet Seal Inc.

Tiniest Flagship

Tiniest Flagship

Alexander Khater,owner/creative director of the 2-year-old downtown Los Angeles brand LAEX, planned to turn conventional wisdom on its head with the firstLAEX flagship, which opened Dec. 8 at 218 W. Eighth St., on the corner of Broadway, in downtown Los Angeles.

Shawmut Names New CEO

Shawmut Design & Construction has worked on many high-marquee projects on Rodeo Drive and has also done work on the Saint Laurent flagship on Rodeo and Louis Vuitton, which is scheduled to take a bow in the first quarter of 2015.

Wiggett Named Bebe CEO

Jim Wiggett was named as the permanent chief executive officer for Bebe Stores Inc.

2014 Newsmakers: Mayor Eric Garcetti’s Minimum Wage Proposal

On July 1, the minimum wage in California increased from $8 per hour to $9 per hour, the first increase in California’s minimum wage since 2008. In 2016, the minimum wage will increase to $10 per hour,

2014 Newsmakers: Iconic L.A. Retail Tests the Waters in Las Vegas

2014 Newsmakers: Iconic L.A. Retail Tests the Waters in Las Vegas

High-end shopping has been part of the Las Vegas Strip experience for years, but 2014 was the first time Los Angeles retail came to the strip.

2014 Newsmakers: Rodeo Drive Construction Brings Even More Luxury to Beverly Hills

This was a big year for remodels and construction of new buildings on Rodeo Drive, often considered the most exclusive of luxury shopping districts in Southern California.

2014 Newsmakers: Nasty Gal Rising

On the heels of the Nov. 21 debut of the hip e-commerce emporium’s debut of its first physical shop at 8115 Melrose Ave. in Los Angeles, it’s getting ready to open another boutique. The second shop will be located at 1254 Third Street Promenade in Santa Monica, Calif. It was the former site of a MNG by Mango.

2014 Newsmakers: Ace Moves Into Fashion District

2014 Newsmakers: Ace Moves Into Fashion District

The Ace Hotel was one of the most highly anticipated projects to open in the Los Angeles Fashion District.

Surprises and Contrasts

Surprises and Contrasts

From the sale of trade show giant Advanstar to the high-profile federal raid on Los Angeles Fashion District businesses, 2014 was a year of surprises and contrasts.

Rose Jannuzzi Names SVP of Operations for SwimSpot

SwimSpot, the swimwear retailer owned by Raj Manufacturing, named Rose Jannuzzi senior vice president of operations.

Wet Seal Discusses Bankruptcy, Other Options During 3rd Quarter Call

During a conference call on Dec. 10, executives of The Wet Seal Inc., discussing third-quarter results, raised the possibility of a company bankruptcy.