Simon Property Group, the largest U.S. mall owner, said it sold its stake in Authentic Brands Group for $1.45 billion, but will step outside its core business once again to help rescue other struggling retailers such as Express.
Mall Giant Simon Sells Stake in Authentic Brands, Its Partner in Rescuing Retailers, for $1.45 Billion
Landlord Has Also Offered To Help the Troubled Apparel Chain Express
By Linda Moss
CoStar News
May 7, 2024 | 4:21 P.M.
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IN THIS ARTICLE
- Companies
- Simon Property Group, Inc.
Real Estate
- Authentic Brands Group LLC
Retailer
- Contacts
- David Simon
Chairman of the Board, CEO and President, Simon Property Group, Inc.