NEW
YORK, June 25, 2024 /PRNewswire/
-- PHOENIX, a newly formed DTC platform led by WHP Global in
collaboration with an affiliate of Simon Property Group, Brookfield
Properties, and Centennial Real Estate, announced today the
successful acquisition of the majority of Express Inc.'s retail
operating assets.
PHOENIX now operates all retail
and ecommerce in the United States
for both Express and Bonobos, which includes over 450 physical
stores. This acquisition not only secures the legacy of Express and
Bonobos, but also sets the stage for future expansion in the retail
sector.
About PHOENIX
PHOENIX RETAIL LLC was formed in 2024 by WHP
Global, an affiliate of Simon Property Group, Brookfield
Properties, and Centennial Real Estate to acquire the Express
Retail Company and operate Express & Bonobos direct-to-consumer
businesses in the United
States.
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SOURCE WHP Global