Tyler Brûlé catches up with Value Retail founder and friend of the show, Scott Malkin, about his latest venture, Belmont Park Village in New York. Malkin discusses the latest addition to The Bicester Collection family of shopping-tourism destinations, which marks the company’s debut in North America; the limitations of online retail; and the importance of superior hospitality to provide a premium experience. Plus: the challenges and opportunities posed by technology in retail.