Bill Ackman's intentions were good—that much members of the retail community agree on. But it doesn’t sound like anyone in the industry is going to shed tears over the supposed end to Ackman’s retail career.
In his second quarter letter to shareholders, published this August, the head of Pershing Square Management referred to his involvement with the Borders Group, Target and J.C. Penney as “failures,” adding that “retail
Register to view the full article
This article is part of our premium content subscription. You need to subscribe to gain access to premium content.
Why Register for NREIonline? It's simple and free, and here is what you get:
• Access to leading real estate industry research.
• Interactive rankings of commercial real estate professionals.
• Submit your own articles, (if approved) which will appear around the site.
Already a member? Log in.