Weinswig’s Weekly March 30, 2018

Executive Summary

March 30, 2018

• This week’s note “From the Desk of Deborah Weinswig” discusses what makes shopping unique in China and how Chinese shoppers’ habits differs from those of their Western counterparts.
• Brookfield Property Partners has agreed to buy fellow mall developer GGP for $9.25 billion in cash, Brookfield said on Monday in a press release.
• After months of speculation about the future of Finish Line, the retailer is selling itself to European athletic retail giant JD Sports Fashion in a $558 million deal at a price of $13.50 per share in cash.
• FIT Hon Teng, part of contract manufacturing giant Foxconn, has agreed to buy Belkin, the latest move by billionaire Foxconn founder Terry Gou to expand in branded goods.