[…] of last year I wrote a somewhat scathing article about SPG and ABG’s, (Authentic Brands Group), formation of “SPARC,” ( Simon Property, ABG Retail Concepts). ABG, SPARC and JCP Fading Into The Sunset. Long story, short, I said, here is […]
[…] JC Penney is too big to fail for their likely new owners. Chapter 11 Brookfield Property Partners L.P. (\”Brookfield\”) and Simon Property Group (\”Simon\”) will probably win the dubious JCP prize of a really old (from all perspectives), stale and […]
Alas…JCPenney was rescued from Chapter 11 by two of its largest landlords this week. Simon Property Group and Brookfield Asset Management now have the responsibility of managing Penney\’s unwieldy fleet of 690 stores (following the imminent closure of another 146)…many […]
[…] who then shovels them into hundreds of dying JC Penney stores that happen to be in dying malls. Mr. David Simon Lo and behold, and not surprisingly, another billionaire real estate mogul is David Simon, CEO of Simon Property Group. […]
SPARC: Maybe this acronym for the Simon Property Authentic Brands Retail Concepts was purposely crafted to send a message that many of the withering Simon Properties’ malls, co-owning and leasing spaces to many of the stale and losing brands in […]
[…] Brands Group, of course. Talk about rolling up a bunch of losers in fading-away mode: ABG partnered with another fade-away, Simon Properties (creating SPARC – Simon Properties Authentic Brands Retail Concepts). Now CEO David Simon is talking about putting ABG’s […]
[…] and why. And predictably, they slipped into bankruptcy. However, they found a life-support respirator, a collective called Authentic Brands Group, Simon Properties and Brookfield Property Partners, who acquired the brand for $81 million in February 2020. The plan was for […]
[…] and why. Predictably, they slipped into bankruptcy. However, they found a life-support team, a collective called Authentic Brands Group (ABG), Simon Properties and Brookfield Property Partners. The three companies acquired the brand for $81 million in February 2020. The plan […]
[…] retailer but a forward-thinking holding company at the intersection of technology, real estate and operating companies.\” And then there’s David Simon, CEO of Simon Properties. Simon’s creation of SPARC is a wildly misguided way to try to save losing brands. […]
[…] I was done with my recent assessment of Authentic Brands Group licensing model as well as their SPARC deal with Simon Properties. I have already commented on the idiocy of placing dying ABG brands into dying malls (Simon Properties) to […]
