Apparel retailer Express Inc's bankruptcy buyout gets court approval [Yahoo! Finance Canada]
Simon Property Group, Inc. (SPG)
Last simon property group, inc. earnings: 2/4 07:30 am
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Source: Yahoo! Finance Canada
Phoenix, a joint venture among equity investor WHP Global and mall owners Simon Property Group and Brookfield Properties, on Friday received approval from a bankruptcy court in Delaware to acquire most of the assets of the embattled apparel retailer out of bankruptcy. Express did not immediately respond to a Reuters request for comment. The company has about 530 Express Retail and Express Factory Outlet stores combined in the United States and Puerto Rico, according to its website. ADVERTISEMENT Express, which also owns the Bonobos and UpWest brands, had filed for bankruptcy in April and listed assets and liabilities in the range of $1 billion to $10 billion. It entered bankruptcy with about $189 million in funded debt and said the largest factor in its bankruptcy was the long-term decline in foot traffic at U.S. shopping malls. (Reporting by Juveria Tabassum; Editing by Shilpi Majumdar)
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SPG
News
- Simon Property Group, Inc. (NYSE: SPG) was downgraded by analysts at Piper Sandler from a "strong-buy" rating to a "hold" rating.MarketBeat
- Introducing ShopSimon™: Brands You Love. On Sale. 24/7. [Yahoo! Finance]Yahoo! Finance
- Introducing ShopSimon™: Brands You Love. On Sale. 24/7.PR Newswire
- Simon® to Present at BofA Securities 2024 Global Real Estate ConferencePR Newswire
- Retail REITs: Steady consumer spending underpinned improved Q2 demand for shopping spaces [Seeking Alpha]Seeking Alpha
SPG
Earnings
- 8/5/24 - Miss
SPG
Sec Filings
- 8/30/24 - Form 4
- 8/30/24 - Form 4
- 8/30/24 - Form 4
- SPG's page on the SEC website