// Nick Brady promoted as McArthurGlen’s group managing director of leasing, succeeding Adrian Nelson who left last year
// Brady has over 13 years experience with the outlet centre firm
McArthurGlen has announced the promotion of Nick Brady to group managing director of leasing, succeeding Adrian Nelson who left the designer outlet operator last year.
In this role, Brady will be responsible for overseeing all brand acquisition, asset management and leasing strategy for the firm’s 25 outlet centres in 10 countries across Europe – including the UK – and in Canada.
With over 13 years’ experience at McArthurGlen, Brady has worked with many of the firm’s brand partners to develop their outlet businesses into established, high-performing retail channels.
Brady will report to McArthurGlen’s co-chief executive Susie McCabe and work in close partnership with the firm’s executive team.
“The deep knowledge, passion and expertise that Nick has brought to McArthurGlen over the past 13 years has played a major role in our growth to becoming Europe’s leading designer outlet group,” McCabe said.
“Together with his exceptional managerial skills, Nick’s first-class experience working with some of the world’s largest and most sought-after consumer brands makes him the ideal person to lead our leasing activities as we prepare our business for the future.”
Brady takes the reins at a time when the outlet sector continues to show resilience and encouraging performance against the backdrop of a challenging retail landscape.
In the second half of 2020, McArthurGlen opened a number of outlet shops across its portfolio as a result of new luxury brand partners, including the world’s first outlet store for Off-White in Serravalle, near Milan, as well as the firm’s first-ever boutiques for Givenchy and Celine.
McArthurGlen also highlighted that it expanded its partnerships with Prada, Valentino, Burberry and Armani with new stores.
The firm is preparing up to open its seventh UK centre, McArthurGlen Designer Outlet West Midlands, which is a joint venture between McArthurGlen, Aviva Investors and The Richardsons.
Located just 30-minutes from Birmingham in Cannock, the outlet centre is on track to open in the next few months subject to local and national restrictions.
McArthurGlen’s entire portfolio generates €4.5 billion (£4 billlion) in annual sales.