Belong Gaming Arenas, owned by top esports platform Vindex, has announced it will be opening 500 locations in malls and shopping centers in the United States.
Most people who know Stephen Lebovitz, CBL Properties’ chief executive, were sure he wouldn’t surrender without a fight the company founded in 1978 by his father Charles B. Lebovitz.
CBL Properties will file for Chapter 11 bankruptcy protection in concert with a pre-made restructuring agreement with its lenders that will keep all of its 108 properties open and operating.
CBL Properties told Chain Store Age it had nothing to add to a report from Bloomberg last week that it was preparing a bankruptcy filing, but it did have a new store concept to add.
CBL Properties, the owner and operator of more than 100 enclosed malls that built its first mall in Texas in 1979, is reported to be preparing a Chapter 11 filing.
