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BROOKFLD PPTY LP UN

(BPY)
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Brookfield Property Partners L P : Jewelry retailer Alex and Ani files for Chapter 11 bankruptcy protection

06/10/2021 | 03:41am EDT
FILE PHOTO: Women shop for jewelry in ALEX AND ANI at the King of Prussia Mall, United States' largest retail shopping space, in King of Prussia

(Reuters) - Jewelry retailer Alex and Ani filed for Chapter 11 bankruptcy protection, according to a court filing made on Wednesday.

The company's estimated assets ranged from $100 million to $500 million as did its estimated liabilities, according to the filing made in the United States Bankruptcy Court for the District of Delaware.

Mall owners Simon Property Group Inc and Brookfield Property Partners LP are among its largest unsecured creditors with each being owed more than $3 million in rent payments, Bloomberg News reported earlier on Wednesday.

Alex and Ani's products include charm bracelets and necklaces. Founded in 2004 by Carolyn Rafaelian, it has locations in the United States, Aruba and Panama.

(Reporting by Kanishka Singh in Bengaluru; Editing by Edwina Gibbs)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BROOKFLD PPTY LP UN -0.27% 18.59 End-of-day quote.28.47%
SIMON PROPERTY GROUP, INC -0.16% 126.32 Delayed Quote.48.36%
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Financials (USD)
Sales 2021 - - -
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 7,15%
Capitalization 8 197 M 8 197 M -
Capi. / Sales 2021 -
Capi. / Sales 2022 -
Nbr of Employees 24 400
Free-Float -
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Managers and Directors
Brian William Kingston Chief Executive Officer
Bryan Kenneth Davis Chief Financial Officer
Omar Carneiro da Cunha Sobrinho Independent Director
Stephen DeNardo Independent Director
Lars Eric Nils Rodert Lead Independent Director