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Top mall owner aims to stem retail liquidations

August 2, 2019

Simon Property Group, the biggest U.S. mall owner is aiming to buy into struggling retailers as a way to help retailers stave off liquidation.

But, as a CNBC report notes, they plan to be very stingy and deliberate about which retailers they’ll invest in.

“We’re only going to buy into companies that we think have brands and that have the volume that is worth doing it,” CEO David Simon told analysts Wednesday, according to the report. “I think it’s very possible. We’re going to be very smart about it,” Simon said during post-earnings conference call. “We’re certainly as good as the private equity guys when it comes to retail investment. And so, I wouldn’t rule it out.”