Scott David Malkin (born 1959) is the founder of Value Retail PlcLeibensmittel Zeitung: "Talk with Value Retail Chairman Scott Malkin" by Mike Dawson
April 22, 2010 and co-owner of the

New York Islanders The New York Islanders (colloquially known as the Isles) are a professional ice hockey team based in Elmont, New York. The Islanders compete in the National Hockey League (NHL) as a member of the Metropolitan Division in the Eastern Conferenc ...

professional hockey team.

Early life and education

Malkin was born to a

Jewish Jews ( he, יְהוּדִים, , ) or Jewish people are an ethnoreligious group and nation originating from the Israelites Israelite origins and kingdom: "The first act in the long drama of Jewish history is the age of the Israelites""The ...

family, the son of Isabel (née Wien) and Peter L. Malkin. His father is a real estate investor in New York who owned the

Empire State Building The Empire State Building is a 102-story Art Deco skyscraper in Midtown Manhattan, New York City. The building was designed by Shreve, Lamb & Harmon and built from 1930 to 1931. Its name is derived from " Empire State", the nickname of the ...

. His grandfather, Lawrence Wien, was also a real estate investor who pioneered the real estate syndication. He was raised in Connecticut and received degrees from

Harvard College Harvard College is the undergraduate college of Harvard University, an Ivy League research university in Cambridge, Massachusetts. Founded in 1636, Harvard College is the original school of Harvard University, the oldest institution of higher ...

Harvard Law School Harvard Law School (Harvard Law or HLS) is the law school of Harvard University, a private research university in Cambridge, Massachusetts. Founded in 1817, it is the oldest continuously operating law school in the United States. Each c ...

and

Harvard Business School Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA ...

.New York Times: "Scott Malkin, founder of Value Retail Plc"
March 10, 2009

Career

In 1990, Malkin sold his retail store concept, 2 Rodeo Drive in

Beverly Hills, California Beverly Hills is a city located in Los Angeles County, California. A notable and historic suburb of Greater Los Angeles, it is in a wealthy area immediately southwest of the Hollywood Hills, approximately northwest of downtown Los Angeles. ...

to the Japanese department store operator Sogo and then moved to

London London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...

where in 1992, he founded Value Retail Plc. With Value Retail, he leveraged his experience in selling luxury goods and meshed it with the American outlet mall concept creating an alternative operating model to the traditional European shopping center. Value Retail focused on establishing outlet centers in the outskirts of large cities. The fashion brands pay 12.5 per cent of annual turnover for the privilege of selling excess stock in one of their village outlet centers. Although criticized for taking business from smaller retail stores in urban centers, the outlet centers only sell brand name goods that are a year old or older. As of 2014, Value Retail had nine "villages" in Europe near

Milan Milan ( , , Lombard: ; it, Milano ) is a city in northern Italy, capital of Lombardy, and the second-most populous city proper in Italy after Rome. The city proper has a population of about 1.4 million, while its metropolitan city ...

Munich Munich ( ; german: München ; bar, Minga ) is the capital and most populous city of the German state of Bavaria. With a population of 1,558,395 inhabitants as of 31 July 2020, it is the third-largest city in Germany, after Berlin and ...

Dublin Dublin (; , or ) is the capital and largest city of Ireland. On a bay at the mouth of the River Liffey, it is in the province of Leinster, bordered on the south by the Dublin Mountains, a part of the Wicklow Mountains range. At the 2016 ...

Barcelona Barcelona ( , , ) is a city on the coast of northeastern Spain. It is the capital and largest city of the autonomous community of Catalonia, as well as the second most populous municipality of Spain. With a population of 1.6 million within c ...

Madrid Madrid ( , ) is the capital and most populous city of Spain. The city has almost 3.4 million inhabitants and a metropolitan area population of approximately 6.7 million. It is the second-largest city in the European Union (EU), and ...

Paris Paris () is the capital and most populous city of France, with an estimated population of 2,165,423 residents in 2019 in an area of more than 105 km² (41 sq mi), making it the 30th most densely populated city in the world in 2020. Si ...

Brussels Brussels (french: Bruxelles or ; nl, Brussel ), officially the Brussels-Capital Region (All text and all but one graphic show the English name as Brussels-Capital Region.) (french: link=no, Région de Bruxelles-Capitale; nl, link=no, Bruss ...

Antwerp Antwerp (; nl, Antwerpen ; french: Anvers ; es, Amberes) is the largest city in Belgium by area at and the capital of Antwerp Province in the Flemish Region. With a population of 520,504,

Cologne Cologne ( ; german: Köln ; ksh, Kölle ) is the largest city of the German western state of North Rhine-Westphalia (NRW) and the fourth-most populous city of Germany with 1.1 million inhabitants in the city proper and 3.6 millio ...

Düsseldorf Düsseldorf ( , , ; often in English sources; Low Franconian and Ripuarian: ''Düsseldörp'' ; archaic nl, Dusseldorp ) is the capital city of North Rhine-Westphalia, the most populous state of Germany. It is the second-largest city in ...

, and

Frankfurt Frankfurt, officially Frankfurt am Main (; Hessian: , " Frank ford on the Main"), is the most populous city in the German state of Hesse. Its 791,000 inhabitants as of 2022 make it the fifth-most populous city in Germany. Located on it ...

.Value Retail website: "The Villages"
retrieved October 24, 2014 He is expanding to China in 2015 with two new villages in

Suzhou Suzhou (; ; Suzhounese: ''sou¹ tseu¹'' , Mandarin: ), alternately romanized as Soochow, is a major city in southern Jiangsu province, East China. Suzhou is the largest city in Jiangsu, and a major economic center and focal point of trad ...

and

Shanghai Shanghai (; , , Standard Chinese, Standard Mandarin pronunciation: ) is one of the four Direct-administered municipalities of China, direct-administered municipalities of the China, People's Republic of China (PRC). The city is located on the ...

. By 2011, Value Retail had $1.5 billion in sales.

New York Islanders

In October 2014, it was announced that Malkin and his former college roommate Jon Ledecky would purchase the

professional hockey team from

Charles Wang Charles B. Wang (; August 19, 1944 – October 21, 2018) was a Chinese-American businessman and philanthropist, who was a co-founder and CEO of Computer Associates International, Inc. (later renamed CA Technologies). He was a minority owner (and ...

. After a two-year transition period as minority owners, Malkin and Ledecky bought controlling interest in 2016.

Personal life

In 1984, he married Laura Rice Russell.New York Times: "S.D. Malkin, Miss Russell Plan to Wed"
January 22, 1984 His sister, Cynthia Allison Malkin, is married to

Richard Blumenthal Richard Blumenthal (; born February 13, 1946) is an American lawyer and politician who is the senior United States senator from Connecticut, a seat he has held since 2011. A member of the Democratic Party, he is one of the wealthiest members of ...

who was elected as a

United States senator The United States Senate is the upper chamber of the United States Congress, with the House of Representatives being the lower chamber. Together they compose the national bicameral legislature of the United States. The composition and po ...

of Connecticut in 2011.

References

External links

Value Retail
{{DEFAULTSORT:Malkin, Scott D. 1959 births American real estate businesspeople New York (state) lawyers Harvard Law School alumni Businesspeople from New York City Jewish American sportspeople New York Islanders executives Living people Harvard Business School alumni Carnegie Endowment for International Peace Wien family 21st-century American Jews Harvard College alumni