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BROOKFLD PPTY LP UN

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BPY

BMG162491077

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

June 10, 2021 at 03:41 am EDT

(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)

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	SIMON PROPERTY GROUP, INC.	142.7 USD	-0.06%	+1.68%	46.52B
	BROOKFIELD CORPORATION	54.96 CAD	-1.01%	+3.44%	61.27B

Latest news about BROOKFLD PPTY LP UN

Express Receives Letter of Intent from Consortium Led by WHP Global for Sale of Business	Apr. 22	CI
Brookfield Property Partners L.P. Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 01	CI
Brookfield Property Partners L.P. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 13	CI
Brookfield Property Partners L.P. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-11	CI
Brookfield Property Partners L.P. acquired Multifamily asset in the United States for $157 million.	23-08-10	CI
An unknown buyer acquired an unknown stake in Three office assets in Canada for approximately CAD 400 million.	23-08-10	CI
Brookfield Property Partners L.P. Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-05	CI
Brookfield Property Partners L.P. acquired Five Logistics Assets In The United States for approximately $400 million.	23-05-04	CI
Brookfield Property Partners L.P. Reports Earnings Results for the Full Year Ended December 31, 2022	23-02-24	CI
Brookfield Property Partners L.P. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-11-04	CI
Brookfield Property Partners L.P. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	22-08-05	CI
Brookfield Property Partners L.P. Reports Earnings Results for the First Quarter Ended March 31, 2022	22-05-06	CI
Brookfield Reportedly May Put Center Parcs UK on the Block	22-04-25	CI
Blackstone Inc. (NYSE:BX) and Starwood Capital Operations, LLC completed the acquisition of 111 WoodSpring Suites-branded hotels from Brookfield Property Partners L.P.	22-03-30	CI
New Fuddruckers Locations to Open At Brookfield Properties	22-03-14	CI
Brookfield Property Partners L.P. Reports Earnings Results for the Full Year Ended December 31, 2021	22-02-25	CI
Brookfield Property Partners L.P. Announces First Amendment to the Third Amended and Restated Master Services Agreement with Brookfield Asset Management Inc	22-02-11	CI
Blackstone Inc. (NYSE:BX) and Starwood Capital Operations, LLC agreed to acquire 111 WoodSpring Suites-branded hotels from Brookfield Property Partners L.P. for $1.5 billion.	22-01-23	CI
Brookfield Property Partners L.P. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021	21-11-10	CI
An unknown buyer acquired Two Retail Assets in United States from Brookfield Property Partners L.P. for approximately $39 million.	21-11-09	CI
Brookfield Property Partners L.P.'s Equity Buyback announced on September 11, 2020, has expired.	21-09-13	CI
Brookfield Property Partners L.P. Reports Earnings Results for the Second Quarter Ended June 30, 2021	21-08-06	CI
An unknown buyer acquired Four Retail Assets in the United States from Brookfield Property Partners L.P. for approximately $73 million.	21-08-05	CI
Brookfield Property Partners L.P.(TSX:BPY.UN) dropped from S&P/TSX 60 Index	21-07-27	CI
Brookfield Property Partners L.P.(TSX:BPY.UN) dropped from S&P/TSX Income Trust Index	21-07-27	CI

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Company Profile

Brookfield Property Partners L.P. owns and operates real estate. The Company's partnership is Brookfield Asset Management's primary vehicle to make investments across strategies in real estate. Its segments include Core Office, Core Retail and LP Investments. Core Office portfolio consists of interests in approximately 142 office properties totaling approximately 96 million square feet, which are located primarily in the commercial markets, such as New York, London, Los Angeles, Sydney, Toronto, and Berlin, as well as approximately 10 million square feet of active office and multifamily developments. Its Core Retail segment consists of approximately 124 retail properties located throughout the United States comprising approximately 121 million square feet of gross leasable area. LP Investments segment includes its investments in Brookfield-sponsored real estate funds. It has interests in various real estate sectors around the globe.

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