retail bankruptcy


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Macerich CEO Thomas O'Hern and PJT Partners CEO Paul Taubman (Macerich, PJT)

Macerich taps PJT Partners for assistance

As Macerich battles liquidity issues, the mall owner has tapped an investment bank for assistance managing its debt. PJT Partners, whose specialties include debt restructuring, will advise on options for a $1.5 billion revolving...

Macerich taps PJT Partners for assistance
Before the pandemic, national tenants paid 94 percent of rent. (Getty)

Retail rent collections rebound to 90%

 The pandemic has exacerbated the retail sector’s pre-existing problems, deteriorating rent collections and forcing landlords to make compromises with their tenants. But there were some encouraging signs as 2020 came to a close. Before...

Retail rent collections rebound to 90%
Ascena brands CEO Gary Muto and Sycamore Partners CEO Rob Sweeney (Photos via Getty; LinkedIn)

Ascena rescued from bankruptcy by private equity firm

Private-equity firm Sycamore Partners got the green light to grab several Ascena Retail Group brands — Ann Taylor, Lane...

Ascena rescued from bankruptcy by private equity firm
 J.C. Penney (iStock)

J.C. Penney has been saved. Now what?

J.C. Penney has been rescued from bankruptcy, but challenges remain for the beleaguered retailer. The department store chain completed the sale of its retail operations to Simon Property Group and Brookfield Asset Management on...

J.C. Penney has been saved. Now what?
Simon Property Group’s David Simon and Brookfield’s Ric Clark (Getty, iStock)

Simon and Brookfield finalize terms of J.C. Penney buy

Simon Property Group and Brookfield Asset Management have finalized the terms of their acquisition of J.C. Penney. The companies...

Simon and Brookfield finalize terms of J.C. Penney buy
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