Retail in Asia

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Australia’s Centro Retail wants to be called Federation Centres

Shopping centre owner Centro Retail Australia is changing its name just 12 months after a massive company overhaul that kept the once debt-laden company afloat.

The company has chosen Federation Centres as its new name, and will ask shareholders to vote on the change at a meeting on 22 January.

Centro was one of Australia’s highest-profile casualties of the global financial crisis, succumbing to massive debts due mainly to its exposure to the US market.