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

Join Cotton Incorporated, Lectra, Accelerating Circularity, Public Habit and more on July 15 for Sourcing Journal's virtual Sustainability FAQs workshop to pull back the curtain on the circularity, traceability, net zero and inventory reduction concepts that could transform your business.

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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