Clothes Retailer Acquisitions

An entity of Simon Property Group named Sparc Group not too long ago entered right into a deal to accumulate Eddie Bauer, nonetheless the acquisition value was not made public.

Underneath the brand new possession, Sparc Group will try and develop Eddie Bauer by increasing in China, Korea, Latin America, and Europe. Sparc Group can even launch new out of doors Eddie Bauer merchandise. The deal is anticipated to shut in early June after subsequent closing circumstances are met, like antitrust issues for each the USA and Canada.

Final yr Sparc Group additionally bought a number of different retailers, together with Brooks Brothers and Fortunate Model. This previous December, Simion Property Group had additionally entered right into a partnership with Brookfield to buy J.C. Penny.

Picture Credit score: Shutterstock

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