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PREIT and CBL: First Two Mall Casualties of Covid-19

Rivet's 2020 Denim Circularity report takes a deep dive into how the global denim industry is plotting its circular future amidst a worldwide pandemic.

Covid-19 has toppled two mall owners into bankruptcy. Pennsylvania Real Estate Investment Trust and CBL Properties are the first and second mall operators, respectively, to restructure operations under voluntary Chapter 11 petitions. PREIT on Sunday filed its Chapter 11 petition in Delaware to put into effect a prepackaged plan backed by 95 percent of its…

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