General Growth Properties Inc. expects to emerge from Chapter 11 bankruptcy court protection by October and has obtained additional financing through an investment from The Teacher Retirement System of Texas.
The real estate investment trust said Monday that the pension fund will invest $500 million in exchange for equity in the reorganized GGP at $10.25 a share. The agreement to invest is subject to Manhattan bankruptcy court approval.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)