Women’s Wear Daily

02 April 2015

“Their eyes are always open for expansion through acquisition,” Arnold Aronson, retail strategist at Kurt Salmon, explains to Women’s Wear Daily, when reflecting on what’s next for Simon Malls, the largest U.S. shopping center developer and operator, now that its $16.8 billion takeover bid to acquire longstanding competitor Macerich has been rejected. Aronson adds, “Simon is looking for higher profitability, more efficiencies and economies of scale. The fastest, most profitable growth path is through the acquisition of healthy competitors. There is not much room left for new shopping center construction.”

View original article