Bath & Body Works Brazil opens its first store this month at São Paulo's MorumbiShopping, inside a R$233m ($45m) mall expansion by landlord Multiplan.
Retail
Key Facts
—The opening. The chain’s first Brazilian store, of just over 140 square metres, opens this month at MorumbiShopping in São Paulo.
—The landlord. Multiplan (B3: MULT3) is spending R$233m ($45m) on the mall’s sixth expansion, adding 40 stores and eight restaurants.
—The maths. That works out at roughly R$31,600 ($6,100) per square metre of new leasable area, about half again the company’s blended expansion cost.
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