The New Paper

November 3, 2020

Two mall operators declare bankruptcy

Two mall operators (CBL and Pennsylvania Real Estate Investment Trust) filed for bankruptcy on Sunday. The companies operate a combined 126 malls across the US, and the announcement comes amid ongoing economic fallout in the retail sector driven by the coronavirus.

This story is from the November 3, 2020 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.