Eddie Bauer the latest mall tenant to join Sparc portfolio
Dive Brief: Sparc Group, the entity formed by mall REIT Simon Property Group and brand management firm Authentic Brands Group, has struck a deal to acquire Eddie Bauer for an undisclosed amount, the companies said Friday. The acquisition is expected to close by June 1, subject to standard closing conditions, including antitrust considerations in the U.S. and Canada, per an emailed press release. PSEB Group, which has been running Eddie Bauer and PacSun, the same day announced a leadership shuffle. PacSun President Alfred Chang and PSEB Group Interim CEO Michael Relich will serve as co-chief e...
Source: retaildive.com