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From left: J.C. Penney CEO Jill Soltau, Authentic Brands Group CEO Jamie Salter, Simon Property Group CEO David Simon,  and Brookfield Property Partners CEO Brian Kingston (Getty)

Authentic Brands in talks to join J.C. Penney takeover

Authentic Brands, one of the most active bidders on bankrupt retail, is joining a deal to take over J.C....

Authentic Brands in talks to join J.C. Penney takeover
A Toojay's Deli location (Google Maps)

Lender acquires TooJay’s out of bankruptcy

Florida restaurant chain TooJay’s Deli is emerging from bankruptcy with a new owner. The West Palm Beach-based deli filed...

Lender acquires TooJay’s out of bankruptcy
Century  21 will wind down operations at its 13 stores (Getty)

Century 21 Stores files for bankruptcy, blames insurers

UPDATED, Sept. 10, 12:40 p.m.: Century 21 Stores is the latest retailer to file for bankruptcy, and it blames...

Century 21 Stores files for bankruptcy, blames insurers
Brookfield’s Ric Clark and Simon Property Group’s David Simon (Getty)

J.C. Penney saved by Simon and Brookfield

J.C. Penney is saved. The retailer will be acquired by mall operators Simon Property Group and Brookfield Property Partners, avoiding liquidation. Simon and Brookfield will pay about $300 million in cash and assume $500...

J.C. Penney saved by Simon and Brookfield
(iStock)

Regus bankruptcy would put nearly $13B in CMBS loans at risk

Hit hard by its subtenants’ inability to pay on time, an affiliate of executive suites and co-working company International...

Regus bankruptcy would put nearly $13B in CMBS loans at risk
Marble Ridge Capital LP's Dan Kamensky and Neiman Marcus at Hudson Yards in New York (Getty; Jewish National Fund)

Hedge fund manager arrested for fraud in Neiman Marcus bankruptcy

A hedge-fund manager has been arrested and charged with fraud in connection to Neiman Marcus’ bankruptcy. Dan Kamensky, the...

Hedge fund manager arrested for fraud in Neiman Marcus bankruptcy
777 North Ocean Drive, Hollywood (Credit: Google Maps)

Bankruptcy judge approves Madison Realty’s purchase of Costa Hollywood Beach condos

The lender for embattled Costa Hollywood Beach Resorts acquired the property’s unsold condos, avoiding a bankruptcy auction. A federal...

Bankruptcy judge approves Madison Realty’s purchase of Costa Hollywood Beach condos
Charles B. Lebovitz (CBL, iStock)

Mall owner CBL Properties nears bankruptcy

Suffocating under retailers’ inability to pay rent and more than $3 billion in debt, CBL Properties is on its way toward declaring bankruptcy. The company announced that it reached an agreement with some of...

Mall owner CBL Properties nears bankruptcy
Authentic Brands Group CEO Jamie Salter, David Simon and Brooks Brothers (Getty)

Simon, Authentic Brands to buy Brooks Brothers

Brooks Brothers has found its white knight in mall giant Simon Property Group and apparel licensing firm, Authentic Brands...

Simon, Authentic Brands to buy Brooks Brothers
J. Crew had plans to shut down its stores, but then its landlords stepped in in $130 million of relief. (iStock; J. Crew by Gary Hershorn/Getty Images)

J. Crew said it was bankrupt. Then its landlords forked over $130M

Bankrupt retailer J. Crew is saving $130 million in rent. The retailer, which has 492 stores including Madewell and...

J. Crew said it was bankrupt. Then its landlords forked over $130M
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