Turns out one of Cerberus' co-investors in its planned buyout of the Safeway grocery chain is shopping center REIT Kimco Realty Corp. While Kimco's contribution, of approximately $90 million, is relatively small compared to the overall...
Just a few years after setting its sights on South America as the new frontier in mall development, U.S. shopping center REIT DDR decided to pull the plug on its joint venture with local partner Sonae Sierra Brazil. Reuters reports the company...
While the deal between Cerberus Capital Management and Safeway has already been announced, retail analysts are urging supermarket operator Kroger to put in a bid before the buyout is finalized, according to our sister publication Supermarket News...
In what is a clear indication of the changes happening in the world of apparel retailing, up-market teen apparel retailer Abercrombie & Fitch has indicated it's looking to overhaul its surfer lifestyle-focused Hollister concept into a fast...
It's official--Cerberus Capital Management, the private equity giant that already owns a vast collection of former...
Turns out these days even being the leader in its sector won't protect a retail chain from the necessity for store closures...
Turns out Kroger may want a piece of the Safeway portfolio after all. Bloomberg reports that the country's largest...