JLL sets up $280M Empire Stores credit
JLL’s Capital Markets team secured $280 million to refinance Empire Stores, the newly-redeveloped retail and office building in DUMBO. JLL represented the borrowers, Midtown Equities and HK Organization. AIG provided the 15-year loan. Vice Ch.....»»
Walmart’s $16 Billion Flipkart Buy Is Part of a Global Strategy. Here’s What Could Happen Next
The sun never sets on Walmart’s empire, thanks to its network of stores across five continents. The sun never sets on Walmart's empire, thanks to its network of stores across five continents. But in the span of 10 days, chie.....»»
AIG antes up $280M to refinance Empire Stores in DUMBO
Midtown Equities and Empire Stores have refinanced their Empire Stores development in Brooklyn with a $280 Million loan from AIG. JLL’s Capital Markets brokered the deal for the newly-redeveloped Class A retail and office buildi.....»»
CityWatch: New York City sets goal to reopen fully on July 1: De Blasio
Plans for July include the full reopening of restaurants and bars; stores, shops and small businesses; hair salons and barber shops; gyms and fitness classes and theaters......»»
The Moneyist: ‘I feel un-American. My appliances are 20 years old. I shop in thrift stores’: My wife wants a nicer place to live. What do I do?
‘During my 20s, I was broke. I bought my first house and lived alone, stretched to my limits. I had three maxed-out credit cards and lived paycheck to paycheck.’.....»»
Customers are reporting credit-card payment crashes at restaurants and stores across the US, including Chick-fil-A and Ikea
Customers are reporting they can't purchase food or products at some places because they're not accepting credit cards. .....»»
Some fashion-industry insiders allege a mega-influencer"s retail empire is bolstered by stolen designs
Insiders who worked with influencer Danielle Bernstein of WeWoreWhat say she copied designs sold by stores like Nordstrom and Macy's. Interviews with 26 fashion-industry professional.....»»
In Latest "Excess Borrowing" Crackdown, China Will Force Fintech Giants To Disclose Consumer Credit Data
In Latest "Excess Borrowing" Crackdown, China Will Force Fintech Giants To Disclose Consumer Credit Data One theory that has emerged from Beijing's crackdown on Jack Ma and his business and fintech empire.....»»
Ross Stores gets new $500 million credit facility to bolster liquidity during coronavirus pandemic
Ross Stores Inc. has entered a new, unsecured 364-day credit agreement that provides it with $500 million in ex.....»»
Ross Stores enters new unsecured 364-day $500 mln credit facility
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news......»»
Macy’s to reopen dozens of stores, sets timeline for full return
Macy’s plans to reopen dozens of its U.S. stores Monday as the first wave of retailers prepares to get back to business after the mass shutdown of American shopping. The department store chain plans... To view the full story, click the title link......»»
Deutsche Bank sets aside $280M to deal with the impact of coronavirus
The German lender set aside 260 million euros ($282 million) to deal with potential loan losses as a result of the coronavirus crisis, as the bank as it reported its first-quarter results in full......»»
Deutsche Bank sets EUR 0.5B in credit loss provisions, reviewing 2020 targets
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Macy"s weighs raising as much as $5B in debt to weather crisis
All of Macy's stores have been closed since March 18th. The retailer has suspended its dividend, stopped capital spend, fully drawn down its $1.5 billion revolving credit facility and furloughed the majority of its employees......»»
GM sets $1.95 billion credit line for GM Financial
General Motors Co. has entered a revolving-credit agreement with a banking syndicate that includes JPMorgan Chase and Citibank, the company said in a filing late Friday. The unsecured credit line gives it a borrowing ca.....»»
Hospitals race to secure big credit lifelines from Wall Street
Empire Kosher will on April 20 reopen the chicken-processing facility that Covid-19…; The reopening would come a week later than forecast by the company when it closed the plant shortly before the... To view the full story, click the title link......»»
Vans parent VF Corp. North American retail stores to close until May 3, draws down remaining $1 billion credit
VF Corp. said Tuesday that it will close all stores and offices in North America until May 3, as well as those across Europe, Africa and the Middle East. Most o.....»»
The Container Store furloughs some corporate staff, cuts store hours, draws down $50 million from credit facility
The Container Store Group Inc. said Monday that it has furloughed some corporate staff, starting March 30, with those staff members receiving benefits until April 30. The retailer has also temporarily closed 40 stores, with staff .....»»
Party City extends store closures until further notice, draws down $150 million from revolving credit facility
Party City Holdco Inc. said Friday that its corporate-owned stores will r.....»»
CBL & Associates draws $280M in line of credit, pulls FY20 guidance
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Target Analysts React To Pandemic Business Update, Credit Suisse Sees Long-Term Positives
Department store Target Corporation (NYSE: TGT) released a business update on sales trends Wednesday as shoppers flock to stores to stock up in the face of a pandemi.....»»