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

Today's fast-moving fashion industry demands an agile, consumer-led retail model, but how do you get there? Join our webinar "Consumer-Led Retail: Optimizing Assortments at Speed" Sept 28th, featuring experts from MakerSights and DTC brand Taylor Stitch.

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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