Tag: Simon Property Group

August 4, 2022

Some say a recession is on the way; others say it is already here, but according to the biggest owner of U.S. shopping malls, the threat of an economic downturn is not deterring retailers from opening new mall locations. Simon […]

June 27, 2022

Mall operator Simon Property Group is testing a search tool that lets shoppers see what’s in stock in stores inside the mall. The platform, called Simon Search, is being tested at 29 Simon-owned retail centers across the U.S. with a […]

December 16, 2020

With the ongoing retail apocalypse, we all knew this day was coming and it has happened much earlier than expected due to the pandemic. As more retail chains file for bankruptcy and close more stores amidst the ongoing pandemic, Amazon […]

November 2, 2020

Good news JCPenney JCP -11.9% finally has signed an asset purchase agreement with Simon Property Group SPG +0.6% and Brookfield Asset Management. The company also signed agreements with a majority of the company’s DIP (Debtor-in-Possession) lenders and First Lien Lenders. […]

October 29, 2020

J.C. Penney has entered into a purchase agreement with Brookfield Property Partners and Simon Property Group and a group of first lien lenders to acquire the company’s assets. The department store retailer said it expects the deal to be finalized […]

September 10, 2020

J.C. Penney announced yesterday that it has reached an agreement in principle with two of its landlords on a near eleventh-hour deal that will help the company avoid liquidating its business, saving about 70,000 jobs in the process. Simon Property […]

September 1, 2020

An attorney representing the bankrupt department store chain, Joshua Sussberg of Kirkland & Ellis LLP, said that negotiations between the retailer and Authentic Brands Group, Simon Property Group and Brookfield Property Partners hit a wall this weekend. That means Penney […]

June 17, 2020

J.C. Penney is facing a deadline that it may not be able to meet. The department store operator, which filed for bankruptcy in May, is at risk of running out of cash by July 15 if something dramatic doesn’t happen […]

February 3, 2020

Forever 21 has reached an $81 million deal to sell its retail business to a group that includes Simon Property Group, Brookfield Property Partners and Authentic Brands. Forever 21 said in a bankruptcy court filing it is seeking approval to […]

August 1, 2017

Real estate bigwigs are taking a pay cut as retail properties empty out — a correction to the over-built retail environment and a result of the shift to e-commerce, The Wall Street Journal reports. Simon Property Group, GGP and Macerich executives are taking cuts […]

September 19, 2016

Aeropostale has been rescued from liquidation by a consortium of vendors, liquidators and mall operators that now say a higher number of stores than expected will remain open. In addition to the 229 stores originally identified, another 171 locations will […]