Snow Park Capital Partners LP has built a stake in retail-focused real estate investment trust Cedar Realty Trust Inc and is urging it to explore strategic options, including a potential sale, according to sources.
U.S. retail mall vacancies rose to 8.3 percent in the third quarter, compared with the preceding quarter, due to confirmed closings of J C Penney and Sears Holdings Corp stores, real estate research firm Reis Inc said.
Sales and profits fell last year at heritage brand Hunter as it faced “broader challenges” in its US wholesale division that counteracted its investment for growth. But this year has seen much more positive trading.
Thom Browne is the fourth designer in Colette's designer takeover collaboration series. The installation will feature over 200 exclusive pieces and a made-to-measure area that will service women for the first time.