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The Garment District, also known as the Garment Center, the Fashion District, or the Fashion Center, is a neighborhood located in the borough of Manhattan in New York City. Historically known for its role in the production and manufacturing of clothing, the neighborhood derives its name from its dense concentration of fashion-related uses.
In other cases, the merchant is assessed "counter rent" for a "store-within-a-store" concept, common in the cosmetics industry, but also not unheard of in clothing. In other cases, the vendor agrees to buy back unsold merchandise from the retailer — this is a common arrangement for higher-value seasonal clothing, like designer coats.
New York City 559,978 [40] 37 Target, BJ's Wholesale Club, Best Buy, Marshalls 2010 [41] ShopCore Properties 10 East River Plaza*** Manhattan, New York: New York City 527,000 15 Target, Costco, Burlington November 12, 2009 Forest City Ratner 11 Queens Place Mall** Queens, New York: New York City 440,000 square feet (41,000 m 2) 15 Best Buy, DSW ...
In November 2003, Oasis and Coast were acquired from PPM Ventures by a secondary management buyout, supported by Baugur Group hf. and an investor group led by Kaupthing Bank hf. Noel Ltd. was established as the takeover vehicle, which in June 2004 was renamed Mosaic Fashions, when it acquired the Karen Millen and Whistles brands. [3]
Aurora Fashions was a holding company of several retail fashion brands, formed in 2009 to purchase a number of businesses from the collapsed Mosaic Fashions. The company operated over 1,250 stores in 38 countries, including franchises, under the Oasis, Warehouse and Coast brands. [1]
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