Wednesday 5 February 2020

2020 “will get a little better” after peak year for retail bankruptcies: Brookfield

Just days after making an $81 million bid to save tapped-out retailer Forever 21, company executives at Brookfield Property Partners think the worst of the bankruptcy bloodbath is behind them. “We had 3.5 million square feet of closures due to bankruptcies,” last year, Brookfield CEO Brian Kingston said on the company’s fourth-quarter earnings call Wednesday. “It’s difficult to say in January how the year will pan out, but it feels as though the holiday season



source https://therealdeal.com/2020/02/05/2020-will-get-a-little-better-after-peak-year-for-retail-bankruptcies-brookfield/

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