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June 11, 2020

Buyer's remorse: Mall deal implodes as virus shakes retail

By JOSEPH PISANI
AP Retail Writer

NEW YORK — The nation's biggest mall owner is backing out of a $3.6 billion deal to buy a major rival as the coronavirus pandemic shakes the retail industry.

It is the second major retail deal signed before the virus hit the U.S. to crumble. The sale of Victoria's Secret to a private equity group fell apart last month.


 
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