Simon Property Group, WHP Global, Brookfield Properties And and Centennial Real Estate Announce Formation Of Joint Venture Called PHOENIX Received Court Approval To Acquire A Majority Of Express, Inc. Operations; PHOENIX Will Operate All DTC Commerce In The U.S. For Express And Bonobos

Author: Benzinga Newsdesk | June 14, 2024 02:34pm

PHOENIX will Operate DTC Commerce in the U.S.A. for Express & Bonobos

NEW YORK, June 14, 2024 /PRNewswire/ -- WHP Global, in collaboration with an affiliate of Simon Property Group ("Simon"), Brookfield Properties ("Brookfield"), and Centennial Real Estate ("Centennial"), announce the formation of PHOENIX, a new retail operating platform, which received court approval to acquire a majority of Express, Inc. operations. Upon closing, PHOENIX will operate all direct-to-consumer (DTC) commerce in the U.S.A. for Express and Bonobos.

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