
France's LVMH faces an uphill battle in walking away from its $16 billion deal to buy U.S. jeweler Tiffany & Co, with legal experts noting most mergers which end up in court are renegotiated rather than dissolved.
121 published items with the word (s) or phrase Simon Property Group in News, Trends, Videos, Photo galleries, Agenda and sorted by "date descending".
France's LVMH faces an uphill battle in walking away from its $16 billion deal to buy U.S. jeweler Tiffany & Co, with legal experts noting most mergers which end up in court are renegotiated rather than dissolved.
J.C. Penney's landlords are nearing a deal to rescue the beleaguered department store chain from bankruptcy proceedings, averting a liquidation that would have threatened roughly 70,000 jobs.
J.C. Penney's talks with landlords for a rescue from bankruptcy proceedings reached an impasse, pushing the department store to the brink of collapse unless it can reach a deal within days to be taken over by lenders.
US apparel retailer Brooks Brothers said late Tuesday that it is to be acquired by Authentic Brands Group and Sparc Group after they increased their $305 million offer to $325 million.
Mall operator Simon Property Group has been in talks with Amazon.com about turning some of its department-store sites into Amazon fulfillment centers, The Wall Street Journal reported.
Brooks Brothers has said that Authentic Brands Group and malls giant Simon Property Group have it in their sights with a $300m+ bid and plans to save “at least” 125 stores. But other bids could still derail the plan.
J.C. Penney said on Wednesday that it will cut its workforce by about 1,000 positions and close 152 store locations, as part of an organizational restructuring.
As news circulates about an imminent Chapter 11 bankruptcy filing from the historied American fashion retailer, potential buyers are reportedly preparing for a possible bidding war for the company.
Forever 21 has relaunched its online store in the UK and mainland European markets by partnering with cross-border e-commerce specialist Global-e.
Simon Property Group Inc, the biggest U.S. mall operator, said on Wednesday it was ending its $3.6 billion deal to buy Taubman Centers Inc, citing the beating the retail sector has taken during the Covid-19 pandemic.