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Feb 8, 2021 · Simon Property Group Inc. has filed papers in U.S. bankruptcy court trying to block Ascena Retail Group’s Chapter 11 reorganization out of a fear that it will allow Sycamore Partners,...
- annestych@bizjournals.com
- The Business Journals
- Bizwomen Editor
Aug 22, 2017 · New York state Attorney General Eric Schneiderman and retail property giant Simon Property Group Inc. reached a settlement in an antitrust case that requires Simon to end practices that...
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Simon's malls were temporarily shut down at various points in 2020, causing all sorts of problems for the real estate investment trust (REIT). For example, it ended up suing key tenantsthat decided not to pay rent, and it cut its dividend by nearly 40%. Although occupancy didn't fall off a cliff, it took months for consumers to start heading to the...
There's only one problem with this view of things. Prior to the pandemic, Simon and its mall peers were dealing with the so-called retail apocalypse. While many attribute this to the ongoing shift toward online shopping, it was and is a much bigger issue. Simplifying things, retailers that have fallen behind customer trends (from fashion choices to...
After the second dividend increase in less than a year, Simon looks like it is surviving the coronavirus hit better than any of its peers. For most investors looking at the mall space, it is probably the best pick. And that remains true even as it continues to deal with the occupancy stress from the retail apocalypse, a headwind that existed before...
Aug 22, 2017 · Simon Property Group Inc. SPG has agreed on a settlement with Attorney General Eric T. Schneiderman over its “anticompetitive tactics” that limit the development of competing outlet centers...
Dec 28, 2020 · Simon Property Group Inc. and Gap Inc. ended a lawsuit in which the mall owner had accused its largest tenant of taking advantage of the Covid-19 pandemic to avoid more than $107 million in lease payments. Terms of a settlement weren’t disclosed in a court filing Monday in Delaware Chancery Court.
- jschneider5@bloomberg.net
- Bloomberg News
Nov 11, 2020 · A Texas judge on Monday cleared Simon Property Group and Brookfield Asset Management — the nation's largest mall owners — to buy the ailing retailer for $1.75 billion. Lawyers representing...
Sep 12, 2020 · September 12, 20207:52 AM ET. Heard on Weekend Edition Saturday. Alina Selyukh. 2-Minute Listen. Playlist. Malls are saving another retailer. J.C. Penney is the fourth bankrupt chain this year...
