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Angeles Corp. exec to handle company's factory outlet malls.


Angeles Corp. exec to handle company's factory outlet malls An outlet mall (or outlet centre) is a type of shopping mall, in which manufacturers sell their products directly to the public through their own branded stores. Clothing, sporting goods, electrical products, cosmetics, and toys are among the types of items sold at outlet  

Placing a major emphasis on the acquisition and development of factory outlet malls, Angeles Corp. in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850.  has hired Jeremy Serwer as president of its factory outlet malls division and executive vice president of the corporation.

"This is just the beginning," said Serwer on the company's desire to acquire and develop additional factory outlet malls. The company currently operates a portfolio of six outlet properties, which are occupied by manufacturers selling their products directly to the consumer. Serwer said that the malls, which typically range from 50,000 to 250,000 square feet, are located in "interstate areas on the way to tourist attractions Noun 1. tourist attraction - a characteristic that attracts tourists
attractive feature, magnet, attractor, attracter, attraction - a characteristic that provides pleasure and attracts; "flowers are an attractor for bees"
." The manufacturers tend to stay away from large malls where their merchandise is sold through department stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. , he said.

Effective Sept. 3, the appointment will call for Serwer to operate out of the firm's Boston office.

Serwer joins the firm from the William Carter For other persons named William Carter, see William Carter (disambiguation).
William Carter (c. 1548 - 11 January 1584) was a Roman Catholic English printer and martyr. Biography
William was born in London, 1548; suffered for treason at Tyburn on 11 January, 1584.
 Co., where he served as vice president and general manager for the retail stores division responsible for 51 outlet stores nationwide. He worked for the firm, which manufactures children's wear, since 1982. Before that, he was regional manager for the Proving Ground Stores in charge of 35 outlets on the East Coast. He is also a former chairman of the American Apparel American Apparel, LLC is a clothing manufacturer and retailer based in an 800,000 square foot factory in downtown Los Angeles, California. The company is most well known for making basic cotton knitwear such as t-shirts and underwear, but in recent years the product line has  Manufacturers Association's factory outlet stores committee.

Angeles Corp. is a real estate investment management company currently handling about $1.5 billion in assets, including senior housing, home parks, apartment complexes, office building and shopping centers, in addition to factory outlet malls.

PHOTO : Serwer: Formerly employed by William Carter Co. and Proving Ground Stores
COPYRIGHT 1991 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Jeremy Serwer
Author:Shepardson, Monty
Publication:Los Angeles Business Journal
Date:Aug 19, 1991
Words:273
Previous Article:Poising himself for the next wave of M&As. (Henry Lesser joins Irell & Manella; mergers and acquisitions)
Next Article:J. Paul Spring. (Banking/Financial Services)
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