Iconic fashion for millennials

Value Retail expands existing shopping villages, eyes more cities for new ventures

Value Retail PLC, the operator of designer outlet precincts such as Bicester Village in Oxfordshire and La Vallee Village in Paris, believes China's growing number of middle-income earners and booming trend of tourism-plus-shopping will drive the group's robust growth in the country.

Mark Israel, CEO of Value Retail China, is betting big on the future of luxury retail and leisure. The company is adding more shopping space and seeking new locations to set up designer outlets. Its sights are set on both top and second-tier cities across China.