Simon Sells ABG Stake, Eyes Express Despite Cooling Retail Holdings [Forbes]
Simon Property Group, Inc. (SPG)
Last simon property group, inc. earnings: 2/4 07:30 am
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Source: Forbes
U.S. mall giant Simon Property Group has exited Authentic Brands Group (ABG), selling off its near 10% stake in the international brand management business for nearly $1.2 billion. That put Simon's total proceeds for what was, at its highest, a 12% stake in Authentic at $1.45 billion over the past two quarters. after the company previously sold shares in the fourth quarter. Among those picking up Simon's shares were Leonard Green & Partners, General Atlantic, HPS Partners, Jasper Ridge Partners and Singaporean sovereign wealth fund Temasek Holdings. At the same time it is considering a zero-capital deal for embattled Express Inc. PROMOTED And neither is it the end of the road for Simon Property Group and ABG, which still have a joint venture called SPARC which oversees a range of major brands, mostly those that had been in distress when acquired. They also have stakes in department store JC Penney, along with fellow real estate giant Brookfield. Of why Simon decided to se
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News
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- SIMON® ANNOUNCES NEW LUXURY LIFESTYLE MIXED-USE DEVELOPMENT AT FASHION VALLEY, SAN DIEGO'S TOP SHOPPING DESTINATIONPR Newswire
- Inside Shein's Public Relations Campaign to Rehab Its Image and Become a Publicly Traded Company [Yahoo! Finance]Yahoo! Finance
SPG
Earnings
- 5/6/24 - Beat
SPG
Sec Filings
- 5/9/24 - Form 4
- 5/9/24 - Form 4
- 5/9/24 - Form 4
- SPG's page on the SEC website