Express Files for Chapter 11 Bankruptcy [Yahoo! Finance]
Simon Property Group, Inc. (SPG)
Last simon property group, inc. earnings: 2/4 07:30 am
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investors.simon.com
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Source: Yahoo! Finance
According to court filings made in Delaware, the fashion retailer estimates its assets and liabilities range from $1 to $10 billion. (In addition to the Express brand, it also has Bonobos and UpWest Express in its portfolio.) The company will start shuttering stores on Tuesday, though it hasn't yet revealed which locations will be affected. Mark Still was named the new CFO, having served as interim CFO since November 2023. Express has been struggling with slowing consumer spending and demand — to the point where it was delisted from the New York Stock Exchange last month. In late 2022, the company entered a partnership with brand management firm WHP Global with a goal "to scale the Express brand through new domestic category licensing and international expansion opportunities," according to a press release. On Monday, Express shared that it had received a non-binding letter of intent from WHP, as well as a wholly owned indirect subsidiary of Simon Property Group and Brookfield Prop
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SPG
News
- Life Time goes full wellness, with spa offering weight loss management, including Ozempic [Yahoo! Finance]Yahoo! Finance
- Simon Property Group: Worst REIT to Own in May [Yahoo! Finance]Yahoo! Finance
- Happy Returns Lets Shein Shoppers Return Purchases in Forever 21 Stores [Yahoo! Finance]Yahoo! Finance
- After 20 years, national fashion chain will close Kansas City location. Sales underway [Yahoo! Finance]Yahoo! Finance
- Simon® Announces Exciting Additions to Woodbury Common Premium Outlets® [Yahoo! Finance]Yahoo! Finance
SPG
Earnings
- 2/5/24 - Beat
SPG
Sec Filings
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- SPG's page on the SEC website