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 Conference (N ...

professional hockey team.

Early life and education

Malkin was born to a

Jewish Jews (, , ), or the Jewish people, are an ethnoreligious group and nation, originating from the Israelites of History of ancient Israel and Judah, ancient Israel and Judah. They also traditionally adhere to Judaism. Jewish ethnicity, rel ...

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-style supertall skyscraper in the Midtown South neighborhood of Manhattan, New York City, United States. The building was designed by Shreve, Lamb & Harmon and built from 1930 to 1931. Its n ...

. His grandfather,

Lawrence Wien Lawrence Arthur Wien (May 30, 1905 – December 10, 1988) was an American lawyer, philanthropist, and real estate investor. Wien pioneered the concept of real estate syndicates. Early life Wien was born to a Jewish family in New York City. He h ...

, 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 education, undergraduate college of Harvard University, a Private university, private Ivy League research university in Cambridge, Massachusetts, United States. Part of the Harvard Faculty of Arts and Scienc ...

Harvard Law School Harvard Law School (HLS) is the law school of Harvard University, a Private university, private research university in Cambridge, Massachusetts. Founded in 1817, Harvard Law School is the oldest law school in continuous operation in the United ...

and

Harvard Business School Harvard Business School (HBS) is the graduate school, graduate business school of Harvard University, a Private university, private Ivy League research university. Located in Allston, Massachusetts, HBS owns Harvard Business Publishing, which p ...

.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, United States. A notable and historic suburb of Los Angeles, it is located just southwest of the Hollywood Hills, approximately northwest of downtown Los Angeles. Beverly Hills ...

to the Japanese department store operator

Sogo is a department store chain with a significant presence in Japan. It operates a network of branches in various countries and has a long history dating back to 1830 when it was founded in Osaka by Ihei Sogō. The company is known for its retail ...

and then moved to

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

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 ( , , ; ) is a city in northern Italy, regional capital of Lombardy, the largest city in Italy by urban area and the List of cities in Italy, second-most-populous city proper in Italy after Rome. The city proper has a population of nea ...

Munich Munich is the capital and most populous city of Bavaria, Germany. As of 30 November 2024, its population was 1,604,384, making it the third-largest city in Germany after Berlin and Hamburg. Munich is the largest city in Germany that is no ...

Dublin Dublin is the capital and largest city of Republic of Ireland, Ireland. Situated on Dublin Bay at the mouth of the River Liffey, it is in the Provinces of Ireland, province of Leinster, and is bordered on the south by the Dublin Mountains, pa ...

Barcelona Barcelona ( ; ; ) is a city on the northeastern coast of 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 List of largest cities in Spain, most populous municipality of Spain. It has almost 3.5 million inhabitants and a Madrid metropolitan area, metropolitan area population of approximately 7 million. It i ...

Paris Paris () is the Capital city, capital and List of communes in France with over 20,000 inhabitants, largest city of France. With an estimated population of 2,048,472 residents in January 2025 in an area of more than , Paris is the List of ci ...

Brussels Brussels, officially the Brussels-Capital Region, (All text and all but one graphic show the English name as Brussels-Capital Region.) is a Communities, regions and language areas of Belgium#Regions, region of Belgium comprising #Municipalit ...

Antwerp Antwerp (; ; ) is a City status in Belgium, city and a Municipalities of Belgium, municipality in the Flemish Region of Belgium. It is the capital and largest city of Antwerp Province, and the third-largest city in Belgium by area at , after ...

Cologne Cologne ( ; ; ) is the largest city of the States of Germany, German state of North Rhine-Westphalia and the List of cities in Germany by population, fourth-most populous city of Germany with nearly 1.1 million inhabitants in the city pr ...

Düsseldorf Düsseldorf is the capital city of North Rhine-Westphalia, the most populous state of Germany. It is the second-largest city in the state after Cologne and the List of cities in Germany with more than 100,000 inhabitants, seventh-largest city ...

, and

Frankfurt Frankfurt am Main () is the most populous city in the States of Germany, German state of Hesse. Its 773,068 inhabitants as of 2022 make it the List of cities in Germany by population, fifth-most populous city in Germany. Located in the forela ...

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

Suzhou Suzhou is a major prefecture-level city in southern Jiangsu province, China. As part of the Yangtze Delta megalopolis, it is a major economic center and focal point of trade and commerce. Founded in 514 BC, Suzhou rapidly grew in size by the ...

and

Shanghai Shanghai, Shanghainese: , Standard Chinese pronunciation: is a direct-administered municipality and the most populous urban area in China. The city is located on the Chinese shoreline on the southern estuary of the Yangtze River, with 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 billionaire, businessman, and philanthropist, who was a co-founder and CEO of Computer Associates International, Inc. (later renamed CA Technologies). He was a min ...

. 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. His sister, Cynthia Allison Malkin, is married to

Richard Blumenthal Richard Blumenthal ( ; born February 13, 1946) is an American politician, lawyer, and United States Marine Corps, Marine Corps veteran serving as the Seniority in the United States Senate, senior United States Senate, United States senator from ...

who was elected as a

United States senator The United States Senate consists of 100 members, two from each of the 50 U.S. state, states. This list includes all senators serving in the 119th United States Congress. Party affiliation Independent Senators Angus King of Maine and Berni ...

from Connecticut in 2010. His brother Anthony Edward Malkin, is married to Rachelle Lisa "Shelly" Belfer, daughter of Robert A. Belfer and granddaughter of

Arthur Belfer Arthur B. Belfer (May 30, 1907 – May 2, 1993) was a Polish-born American businessman and philanthropist who founded the Belco Petroleum Corporation. Biography Belfer was born to a Jewish family in Wodzisław, Poland. He worked as a dealer in ...

References

External links

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