Friday, May 8, 2020

A new bailout fund for retailers — this time from a big landlord

Boston Business Journal
Brookfield Asset Management, the Canadian investment group that is one of the largest operators of US shopping malls, is launching a $5bn rescue fund for retailers that need extra capital to weather the coronavirus pandemic.

It represents a significant commitment of capital to a sector that was contending with major changes in shopping habits even before governments shut shops and prompted nervous debate among retail executives about how soon customers would return. . . . more