Today in Data, Klarna and Brookfield Properties partner on a buy now, pay later (BNPL) option for 150 mall properties. Plus, the connected fitness market could cash in as consumers look to regain their pre-pandemic figures, while Amazon and Walmart make moves in streaming. Data...
Swedish buy now, pay later (BNPL) giant Klarna and top-5 U.S. mall owner Brookfield Properties are teaming up to bring installment payment plans to thousands of retail tenants at over 150 shopping centers. In an announcement on Friday (Feb. 25), the two companies said they...
The embattled mall category absorbed more bad news this week as Brookfield Properties and Neiman Marcus showed further signs of consistent financial stress. Along with Simon Property Group, Brookfield is the biggest real estate investment trust (REIT) in the U.S., and has been a player...
Brookfield Properties Retail Group CEO Jared Chupaila delivered bad news to his employees this week. The Chicago-based real estate company with among the nation’s largest portfolios of retail is laying off 20 percent of its workforce. “While many companies were quick to implement furloughs and...
September 22, 2020
Brookfield Properties Retail Group CEO Jared Chupaila delivered bad news to his employees this week. The Chicago-based real estate company with among the nation’s largest portfolios of retail is laying off 20 percent of its workforce. “While many companies were quick to implement furloughs and layoffs at the onset of the pandemic, we made the […]
July 14, 2020
As the pandemic upends their entire business model, malls are turning to their own parking lots as new sources of revenue for events like outdoor concerts or drive-in movies, CNBC...
August 22, 2018
Latch, manufacturer of a smart access system, announced on Wednesday (Aug. 22) that it has raised $70 million in venture funding. In a press release on PE Hub Network, Latch said...
