The new owners have agreed to pay $81 million in cash and assume certain liabilities, including $53 million in merchandise not yet paid for.
The funds could be forced to unload mall properties at a time when buyers are in short supply. In the U.S.
What does the mega-merger mean for the mall sector and will more consolidation follow?
The estate filed about 400 in November and is expected to file additional lawsuits that in total will impact as much as 2,000 vendors.
We spoke with Barbara Byrne Denham, senior economist with Moody’s Analytics REIS, about the potential impact of the closings.
Private investors continue to have an insatiable appetite for QSRs. These are the strongest brands in the sector.
The REITs have been holding on-and-off discussions since late last year, sources said.
Regional mall REITs have some experience in saving ailing retailers. But Forever 21 comes with added pressures.