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Fashion house 'Len' renews at Minneapolis City Center
Minneapolis — Twin Cities’ fashion retailer “Len” has renewed its lease at Minneapolis City Center with a seven-year commitment. The existing 7,196-sq.-ft. store is the retailer’s only downtown location following the consolidation of several brands and stores over the last six months. The chain operates five more locations in Minnesota and one in Illinois.
Minneapolis City Center is the two-story retail portion of a 1.6 million mixed-use property owned by Shorenstein Properties LLC. -
Jones Group approves merger with Sycamore
New York -- The Jones Group Inc. announced that its shareholders overwhelmingly voted to approve the company’s acquisition by Sycamore Partners.
Under the terms of the deal, Sycamore will acquire Jones for $15.00 per share in cash, or a total transaction value of approximately $2.2 billion.