RICH PICKINGS: A giant worry for Lowy

Frank Lowy has stepped down at Westfield at an interesting time, with consumer caution curbing retail sales and, combined with the rise of online retail, threatening the days of giant tenancies.

Last month Frank Lowy stepped down as the executive chairman of Westfield Group, after a staggering 50 years driving the company to become one of the world's most successful shopping centre groups.


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