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Fashion Jobs
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Southaven
Permanent · Southaven
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Opry Mills
Permanent · Nashville
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Opry Mills
Permanent · Nashville
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Opry Mills
Permanent · Nashville
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Outlet Shoppes of The Bluegrass
Permanent · Simpsonville
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Opry Mills
Permanent · Nashville
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Southaven
Permanent · Southaven
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Southaven
Permanent · Southaven
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Southaven
Permanent · Southaven
COTY
Manager, PR & Influencer Marketing
Permanent · New York
OLD NAVY
General Manager - Outlets of Little Rock
Permanent · Little Rock
OLD NAVY
Asset Protection Service Representative - 503 Fulton st
Permanent · New York
OLD NAVY
Manager, Human Resources - Store Operations And Field Visual
Permanent · San Francisco
OLD NAVY
General Manager- Connecticut Commons
Permanent · Plainville
OLD NAVY
Manager, Strategy - Remote
Permanent · San Francisco
OLD NAVY
Manager, Strategy - Remote
Permanent · Atlanta
OLD NAVY
Assistant Manager, Customer Operations - Westlake Marketplace
Permanent · Houston
OLD NAVY
Manager, Strategy - Remote
Permanent · New York
OLD NAVY
Assistant Manager, Customer Operations - Nut Tree
Permanent · Vacaville
OLD NAVY
Assistant Manager, Customer Operations - Itc Crossing
Permanent · Newton
AESOP
Part Time Retail Consultant | Aesop Stanford
Permanent · Palo Alto
SALLY BEAUTY HOLDINGS LLC
Ecommerce Campaign Specialist
Permanent · Denton
By
Reuters
Published
Jun 10, 2020
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Mall operator Simon Property abandons $3.6 billion acquisition of Taubman

By
Reuters
Published
Jun 10, 2020

Simon Property Group Inc, the biggest U.S. mall operator, said on Wednesday it was ending its $3.6 billion deal to buy Taubman Centers Inc, citing the beating the retail sector has taken during the Covid-19 pandemic.




Simon Property said that the coronavirus outbreak “disproportionately hurt” Taubman’s malls because they are located in densely populated metropolitan areas, depend on tourism and feature high-end retailers whose sales have shrunk.

Simon Property, which runs shopping destinations such as the Woodbury Common Premium Outlets, also said that Taubman did not cut costs to mitigate the impact of the pandemic.

There are no discussions about renegotiating the transaction at a lower valuation, a person familiar with the matter said.

A spokeswoman for Taubman, whose properties include the Mall at Short Hills in New Jersey, did not immediately respond to a request for comment.

Taubman shares dropped 25% to $34 and Simon shares dropped 9% to $78.99 on the news, which follows a string of other broken deals.

Last month, private equity firm Sycamore Partners ended its $525 million deal to acquire lingerie brand Victoria’s Secret from L Brands Inc, while Japanese telecommunications conglomerate SoftBank Group Corp dropped its agreement to fund a $3 billion tender offer for co-working company WeWork.

The combination of the two mall owners was announced in February. The growth of online shopping had already slashed foot traffic at brick-and-mortar retail stores, and the pandemic has accelerated that trend.

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