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Music festival cool coming to the mall
Simon Property Group is giving shoppers a reason to come to that mall that doesn’t involve shopping.
The company is teaming up with Refinery29 to transform mall shopping into a summer festival experience with fashion "stages," beauty bars, and live musical performances. Style Festival takes inspiration from the music festival culture that has become a millennial rite of passage.
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Anna’s Linens files for Chapter 11; negotiating sale
Costa Mesa, Calif. — Anna's Linens Inc. announced it filed for Chapter 11 bankruptcy court protection on June 14. The retailer said it is working to negotiate a sale to DW Partners, a multi-strategy fund manager with $6 billion in assets.
The asset management firm would become “the stalking horse” bidder, and make the initial bid in a bankruptcy auction sale.