[…] circling around Legacy Drive in Plano, Texas again, once more picking up the distinct scent of death hanging over the JC Penney Co. With the departure last month of Marvin Ellison — its latest presumed savior – to Lowe’s, the […]
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 […]
It’s a good thing for Martha (to use one of her signature phrases). It’s a good thing for JC Penney. And it’s a good thing for Macy’s, which I’ll get to in a minute. I’m writing, of course, about JC […]
[…] looks more like a holding company with four disparate, non-synergistic retail businesses, the Liz Claiborne brand now on license to JC Penney with option to buy in five years, and Mexx with no presence in the U.S. So, as each […]
[…] 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. […]
[…] a little further into his strategic thinking, now that almost a year has passed under his role as CEO of JC Penney. Having credited him with getting the business \”on the runway, ready for takeoff, \”I wanted to understand how […]
[…] centers nationwide, Washington Prime was initially set up to absorb a roster of B and C malls being divested by Simon Properties. By offloading those malls, Simon could concentrate on optimizing its core portfolio of premium A and B+ properties. […]
