U.S. mall owners Simon Property Group and Brookfield Property Partners are close to finalizing an $800-million deal to rescue the embattled department store chain JC Penney from bankruptcy, avoiding a total liquidation and saving about 70,000 jobs and 650 stores, Joshua Sussberg of the law firm … [Read more...] about 9.10.20: SIMON AND BROOKFIELD SET TO RESCUE JC PENNEY
1.22.20: SIMON PROPERTY AND BROOKFIELD TEAM UP ON BID TO BUY FOREVER 21
Simon Property, Brookfield and brand licensing specialist Authentic Brands have teamed up on a stalking horse bid of $81 million for bankrupt Forever 21. The bid would serve as a baseline for an auction for Forever 21 and includes a breakup fee of $4.7 million and expense reimbursement of $1 million … [Read more...] about 1.22.20: SIMON PROPERTY AND BROOKFIELD TEAM UP ON BID TO BUY FOREVER 21