retail bankruptcies


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J.C. Penney filed for bankruptcy May 15 and has since been in talks with large mall and retail operators (Getty; iStock)

J.C. Penney’s lenders could take it over, liquidate assets

J.C. Penney’s lenders are preparing to take control of the struggling retailer after discussions with its bidders have hit...

J.C. Penney’s lenders could take it over, liquidate assets
Crystal Mall in Waterford, Connecticut and Simon Property Group's David Simon (Simon, Getty)

Class B malls face collapse as retail bankruptcies pile up

Second-tier malls are at increasing risk of collapse as retail bankruptcies and store closures add up across the country....

Class B malls face collapse as retail bankruptcies pile up
Brookfield’s Ric Clark and Simon Property Group’s David Simon (Getty)

Simon, Brookfield in talks to buy bankrupt J.C. Penney

Simon Property Group and Brookfield Property Partners are reportedly in advanced talks about buying J.C. Penney’s retail business. J.C....

Simon, Brookfield in talks to buy bankrupt J.C. Penney
Neiman Marcus at Hudson Yards (Getty)

Neiman Marcus committed to 50 years at Hudson Yards. It lasted 16 months.

UPDATED Aug. 16, 2020, 2:50 pm: When Neiman Marcus signed a lease to take over a massive space in...

Neiman Marcus committed to 50 years at Hudson Yards. It lasted 16 months.
Authentic Brands Group CEO Jamie Salter and Simon Property Group CEO David Simon with Brooks Brothers (Getty)

Bankrupt Brooks Brothers gets $305M stalking-horse bid

A familiar team is vying for the bankrupt men’s clothier Brooks Brothers Group. An entity backed by Authentic Brands...

Bankrupt Brooks Brothers gets $305M stalking-horse bid
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