Simon Property Group Part of Company Bidding for Assets in Lucky Brand Bankruptcy
In a buy-your-business partner move, Simon Property Group (NYSE: SPG) might soon be one owner of bankrupt clothing retailer Lucky Brand Dungarees.
The real estate investment trust (REIT), which specializes in shopping malls, jointly with privately held Authentic Brands Group owns SPARC Group. This entity controls a set of clothing brands that includes Nautica and Aeropostale. SPARC has made a stalking horse bid for "substantially all" of Lucky Brand's assets following its bankruptcy declaration on July 3.
Image source: Lucky Brand Dungarees.
Source Fool.com
