WHP Global-led JV to acquire majority of Express' retail assets [Yahoo! Finance]
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Simon Property Group, Inc. (SPG)
Last simon property group, inc. earnings: 2/4 07:30 am
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Source: Yahoo! Finance
The new retail operating JV was formed with affiliates of the Simon Property Group, Brookfield Properties and Centennial Real Estate. The newly formed JV aims to serve as a financially revitalised direct-to-consumer (DTC) retail platform, laying the foundation for the long-term growth of the Express and Bonobos brands. Phoenix's focus will be on strengthening the core operations of these two brands, which will further maintain the continuity of e-commerce operations and their more than 450 physical stores, as well as save 7,000 jobs across the nation. The deal is expected to close in June 2024. Upon completion, Phoenix will be able to operate all DTC commerce across the US in place of Express and Bonobos. WHP Global CEO and chairman Yehuda Shmidman said: “Today's court approval and the formation of PHOENIX marks a vital step in our mission to save Express and continue serving millions of customers who love the Express and Bonobos brands. “With the restructuring actions ac
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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