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Jamie Salter licenses brands and saves tenants

Simon Property Group and Authentic Brands Group are reshaping the American retail landscape. Last week, they closed a deal to buy the bankrupt Brooks Brothers for $325 million. Last month, they acquired Lucky Brand denim, and in February, they bought Forever 21. Together, they own and operate 1,500 stores through their deals, NYTimes reported.

  • Heard on the Street: Analysts at Coresight Research estimated that 20,000 to 25,000 U.S. retail stores would close this year, and at least 50 percent are mall-based. Mall owners cannot buy every anchor retailer in their malls, and often they will have to let stores fail instead of propping them up.
  • The strategyJamie Salter’s Authentic Brands Group bets on famous names in fashion and entertainment, often buying their intellectual property with the aim of striking licensing deals with those who want to use the brand names internationally or on new products. [NYTimes]

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