By: Jill Manoff
In mid-October, Value Retail kicked off the rolling opening of its first stateside experiential retail destination, Belmont Park Village, on Long Island. The Village houses the first U.S. off-price boutiques of luxury brands including Thom Browne, Vivienne Westwood, Aquazzura and Missoni. In July, L Catterton, the private equity firm backed by LVMH, acquired a 42% stake in Value Retail for $1.94 billion.