Monday, June 25, 2018
Golden Gate Capital has established a new operating company for two companies it acquired out of bankruptcy: PSEB Group is composed of Eddie Bauer and Pacific Sunwear of California, both of which will maintain their distinct brands. It will have a retail footprint of more than 700 stores….Sears Holdings will close an additional 72 US stores. Sears and Kmart operated 894 stores at the end of the first quarter, 381 fewer than it did a year ago...Maurices closed 7 stores in its third quarter ending April 28, dropping from 993 to 986 stores...Cirque du Soleil will open its first “family entertainment centre”, called Creactive, in September 2019 in a retail property in Toronto, in partnership with real estate firm Ivanhoé Cambridge. Cirque du Soleil is in discussions for additional locations in Canada, and with other partners to open outside of Canada. Creactive will offer bungee jumping, wire and trampolines, mask design, juggling, circus track activities, dance and more. The spaces will average 24,000 s/f.