America’s biggest mall operator gets go-ahead for $1.75bn JCPenney deal
In a deal that could save 60,000 jobs, permission has been given to Simon Property Group, America’s biggest mall owner, and Brookfield Asset Management to buy US department store chain JCPenney out of bankruptcy for $1.75 billion. The department store chain had over 800 stores and it employed over ...
Can shoppers save the economy?
With a looming recession knocking on the doors of every economy across the globe, the crisis is no different here in the US as a lot is riding on the willingness and ability of Americans to go out there and spend again. The economy here is powered by consumer spending, and the small and recent sign ...
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