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Brookfield Bets Against Retail Apocalypse With $15 Billion Mall Buyout

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

Brookfield Asset Management Inc. is betting against the retail apocalypse with its takeover of GGP Inc., slated to close Tuesday. The Toronto-based firm is paying about $15 billion for the second-largest mall owner in the U.S. as investors—and shoppers—shun brick-and-mortar retail. Brookfield, which already owned a third of GGP, was the only bidder that showed…

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