J.C. Penney Company, Inc. has announced that it has reached an agreement in principle to sell JCPenney through a court-supervised sale process to Brookfield and Simon for 1.75 billion dollars, which includes a combination of cash and new term loan debt. “We have determined that an agreement with Brookfield and Simon, as well as the formation of...
Sep 10, 2020
Global retail company Simon has contributed close to 280 million dollars towards a new multi-platform venture dedicated to digital value shopping, created in partnership with Michael Rubin of Rue Gilt Group. Rue Gilt Group operates premier online marketplaces that connect more than 25 million members with luxury designers at remarkably low...
Oct 3, 2019
Simon, a company known for shopping, dining, entertainment and mixed-use destinations has partnered with Jockey International, Inc., a 143-year-old brand known for their underwear and apparel, for its first-ever pop-up retail store at the edit @ Roosevelt Field, a Simon mall. The 1,700 square foot store will feature a contemporary assortment of...
Sep 5, 2019
Premier shopping company Simon working towards a commitment to support digitally native brands. Its White Plains, NY location, The Westchester, will be home to the third brick-and-mortar store of Nobull as of July 30. Founded in 2015 by former Reebok executives, Nobull offers performance footwear, apparel and accessories for an active lifestyle....
Jul 26, 2019
The U.S.'s largest outlet shopping developer is turning towards e-commerce for the first time. Simon Premium Outlets, which operates Woodbury Commons in New York, Orlando Premium Outlets in Florida, Desert Mills in California and others, has launched a beta version of its online shopping site today. With a more limited inventory than full price...
Mar 26, 2019
