WHP Global, LLC, Brookfield Properties, Inc, Centennial Real Estate Management, LLC, and Simon Property Group, L.P completed the acquisition of majority Retail stores and operations of Express, Inc.
June 24, 2024
Share
WHP Global, LLC, Brookfield Properties, Inc, Centennial Real Estate Management, LLC, and Simon Property Group, L.P signed a non-binding letter of intent to acquire majority of Retail stores and operations of Express, Inc (OTCPK:EXPR) for approximately $170 million on April 22, 2024. The transaction value consists of $136 million in cash considerations and $38 million in assumed liabilities. The transaction is subject to the approval of the Bankruptcy Court. Kirkland & Ellis LLP acted as a legal advisor, Moelis & Company LLC and M3 Partners, LP acted as a financial advisor to Express, Inc. As on June 14, 2024 court has approved the transaction.
WHP Global, LLC, Brookfield Properties, Inc, Centennial Real Estate Management, LLC, and Simon Property Group, L.P completed the acquisition of Retail stores and operations of Express, Inc (OTCPK:EXPR) on June 25, 2024.
Express, Inc. is a multi-brand fashion retailer. The Companyâs business includes an omnichannel operating platform, physical and online stores, and a multi-brand portfolio that includes Express and Bonobos. The Company operates Express retail and Express Factory Outlet stores in the United States and Puerto Rico, the Express.com online store and the Express mobile app; and Bonobos Guideshop locations and the Bonobos.com online store. It sells its products through its online store, www.express.com, its mobile app, as well as through franchisees who operate Express locations in Latin America. It also sells gift cards in its stores, on its e-commerce Website, and through third parties. It utilizes facilities for the distribution of its products, both of which are owned and operated by third parties. Virtually all the merchandise sold in its stores and on its Website is received and processed at a central distribution facility in Columbus, Ohio.
WHP Global, LLC, Brookfield Properties, Inc, Centennial Real Estate Management, LLC, and Simon Property Group, L.P completed the acquisition of majority Retail stores and operations of Express, Inc.
EXPRESS, INC. 
