
Simon Property Group, the biggest U.S. mall operator, will cut its purchase price for an 80% stake of rival Taubman Centers by 18%, both companies said on Sunday, as the coronavirus upends the retail industry sector.
29 published items with the word (s) or phrase Taubman in News, Trends, Videos, Photo galleries, Agenda and sorted by "date descending".
Simon Property Group, the biggest U.S. mall operator, will cut its purchase price for an 80% stake of rival Taubman Centers by 18%, both companies said on Sunday, as the coronavirus upends the retail industry sector.
France's LVMH faces an uphill battle in walking away from its $16 billion deal to buy U.S. jeweler Tiffany & Co, with legal experts noting most mergers which end up in court are renegotiated rather than dissolved.
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.
The coronavirus pandemic has virtually eliminated shaking hands. Its economic impact now has investors doubting whether many companies which shook on mergers and acquisitions will see them completed.
The retailer focused on men's casual shirts that are designed to be worn untucked said venture capital firm Kleiner Perkins Caufield & Byers had invested $30 million in the company's first major round of fundraising.
Doubts about the viability of on-demand delivery services over the long term has cooled investors' ardor for the business concept.
Payne, the Vice Chairman of Tubman Centers and Raines, the CEO of GameStop both bring their finance and retail expertise to the JCPenney Board.
REIT investors have a new reason for angst, following an across-the-board slowdown in sales announced by department store operator Nordstrom last week.
Billionaire mall developer and prominent philanthropist A. Alfred Taubman, who launched the mall business Taubman Centers in 1950, died on Friday of a heart attack, his son said. He was 91.
Thousands of Puerto Rico residents and visitors were the first to shop The Mall of San Juan during its grand opening on Thursday. The island's first upscale shopping center features the Caribbean's only Nordstrom and ...