GMI Retail Management Company is a joint venture of Simon Property Group, Morgan Stanley Real Estate Fund and SZITIC Commercial Property Co,. Ltd. aiming at a long term development of retail real estate in China. Today, the joint-venture has invested over RMB 3 billion in Changshu, Hangzhou, Hefei, Suzhou and Zhengzhou.
On June 5, 2008, The first project opened in Changshu, China. Wal-Mart, together with other international brands, such as Forever 21, C&A and Starbucks, have committed to anchor in all five projects. Meanwhile, GMI Retail is developing new projects in other important cities throughout China.
Famous quotes containing the words management and/or retail:
“People have described me as a management bishop but I say to my critics, Jesus was a management expert too.”
—George Carey (b. 1935)
“A free-enterprise economy depends only on markets, and according to the most advanced mathematical macroeconomic theory, markets depend only on moods: specifically, the mood of the men in the pinstripes, also known as the Boys on the Street. When the Boys are in a good mood, the market thrives; when they get scared or sullen, it is time for each one of us to look into the retail apple business.”
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