Freeport believes in the free market. The company develops, owns, and manages themed shopping villages and factory outlet malls in Europe. It owns centers in the Czech Republic, Sweden, and Portugal, including Europe's largest outlet village in Lisbon. The company creates an entire entertainment experience, including bars, restaurants, and other attractions in its themed centers. Shops have included such high-end names as Versace, Burberry, and NIKE. The firm is also bringing its outlet concept to China, with three properties set to premiere there by 2013. In additiona, Freeport provides property development and management services to third-party investors. The company was acquired by The Carlyle Group in 2007.