Word: outlet
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...September, the coffee and ice cream outlet, which was featured in the 1998 movie Good Will Hunting, will finally be forced to close...
Lily Kanter, 35, is the sort of "ordinary" multimillionaire that Microsoft has churned out by the thousands. She has worked five years for the company, most recently as business manager of its San Francisco retail outlet, as her stock doubled and redoubled. Yet she lives an ordinary life in most ways, ferrying her three dogs around in a seven-year-old Ford Explorer that she calls the Stinkmobile. "How many cars can you drive at one time?" she asks. "How big a house do you need...
...done with panache. Since 1993, his company, BAA McArthurGlen, has opened nine snazzy malls in Britain, France and Austria, and it plans to move soon into Germany, Italy and the Netherlands. Thanks to Kaempfer's vision, millions of Europeans can comfortably shop at places like the Parndorf Designer Outlet, east of Vienna, just as they can in Michigan or New Jersey, for huge savings on brand names like Nike and Gap. "BAA McArthurGlen is the pioneer of pan-European outlet shopping," says Clive Minihan, director of the Credo Group, a developer of retail and new-media business in London. Pioneering...
...squabbles, which set his company back $15 million in design and legal fees, before Kaempfer was cleared to break ground this summer on a 309,000-sq.-ft., 100-store suburban Berlin mall. Kaempfer understands local concerns but calls them misplaced. "We're not threatening anybody," he asserts, because outlet sales are no more than 3% of the European retail...
...Washington's top office developers, Kaempfer Co. Trouble hit in the early '90s, when the capital's property market collapsed and left Kaempfer Co. wallowing in $1 billion worth of red ink. (It avoided bankruptcy and is once again profitable.) Meanwhile, Kaempfer invested in McArthurGlen, once America's largest outlet-mall developer, which built 32 centers across the U.S. When its big-name tenants, including Liz Claiborne and Nike, urged a European expansion, Glen told Kaempfer, "I'm too tired, I'm too old, I'm too busy. So if you want to do it, you do it and give...