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RCS to facilitate closing of Priscilla of Boston stores
New York City -- RCS Real Estate Advisors said Tuesday it has been retained by bridal retailer Priscilla of Boston to facilitate the closing of its business.
According to Ivan L. Friedman, president and CEO of RCS, the company will facilitate the closing of all 20 Priscilla of Boston locations, effective Dec. 31, by negotiating cost-effective lease terminations or locating replacement tenants.
Priscilla of Boston announced its closing in early September.
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Toys"R"Us gains majority stake in Asian operations
WAYNE, N.J. — Toys“R”Us announced that it has entered into a joint venture with Li & Fung Retailing that would make Toys"R"Us Inc. the majority shareholder of Toys"R"Us operations in Southeast Asia and Greater China. With this agreement, the existing Toys“R”Us licensed operations throughout Asia, which currently consist of more than 100 stores and offices across nine markets, will become 70% majority owned and controlled by Toys“R”Us Inc. and 30% owned by Li & Fung Retailing.