Authentic Brands Group, General Growth Properties and Simon Property Group finalizes acquisition of Aéropostale

NEW YORK & CHICAGO & INDIANAPOLIS, 2016-Sep-18 — /EPR Retail News/ — Authentic Brands Group (ABG), General Growth Properties (GGP) and Simon Property Group (SPG) finalizes the acquisition of the global trend-focused apparel and accessories brand, Aéropostale. The consortium includes ABG, the owner of a global portfolio of fashion, sports and entertainment brands, GGP and SPG, two of the largest retail real estate companies in the world.

Aéropostale offers young women, men and kids a focused selection of active-oriented fashion and fashion basic merchandise at compelling values. The brand will continue to be available in over 700 retail doors around the world; more than 400 stores in the U.S. and Canada and approximately 300 doors across Latin America, Europe, the Middle East and Southeast Asia.

Through ABG’s proven know-how in brand building and licensing, combined with the expertise of retail real estate specialists, GGP and SPG, there is now a strong foundation in place for long term performance and growth.

“We are pleased to be part of this consortium that has saved thousands of jobs and preserved a legendary American brand,” said David Simon, Chairman and CEO, Simon Property Group. “We are encouraged by the tremendous amount of support we have received from employees, vendors and other landlords.”

“This consortium brings a new approach to brand development and Aéropostale brings another facet to ABG’s fashion portfolio,” said Jamie Salter, Chairman and CEO, ABG. “The purchase of Aéropostale propels the retail revenue driven by ABG’s brands to over $4.5 billion USD in retail sales worldwide. We look forward to working closely with our new partners, General Growth Properties and Simon Property Group to continue to grow the Aéropostale brand on a global scale.”

“Aéropostale has significant brand equity and the go-forward portfolio of stores generates more than $1 billion in global retail sales, over $800 million of which is from the U.S.,” said Sandeep Mathrani, CEO, GGP. “The entity is financially secure and well capitalized and we are very pleased that thousands of jobs will be preserved.”

About Authentic Brands Group, LLC

Authentic Brands Group is a brand development company, which builds long-term value through the ownership of intellectual property associated with prominent fashion, sports, celebrity and entertainment brands. Headquartered in New York City, ABG builds brand equity by partnering with best-in-class licensees and retailers. ABG’s global portfolio of world-renowned brands includes Marilyn Monroe®, Mini Marilyn®, Elvis Presley®, Muhammad Ali®, Shaquille O’Neal®, Michael Jackson® *managed brand*, Juicy Couture®, Aéropostale®, Jones New York®, Judith Leiber®, Frederick’s of Hollywood®, Adrienne Vittadini®, Taryn Rose®, Misook®, Hickey Freeman®, Hart Schaffner Marx®, Bobby Jones®, Spyder®, Tretorn®, Tapout®, Prince®, Airwalk®, Vision Street Wear®, and Hind®. www.abg-nyc.com

About General Growth Properties, Inc.

General Growth Properties, Inc. is an S&P 500 company focused exclusively on owning, managing, leasing, and redeveloping high-quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

About Simon Property Group

Simon is a global leader in retail real estate ownership, management and development and an S&P100 company (Simon Property Group, NYSE:SPG). Our industry-leading retail properties and investments across North America, Europe and Asia provide shopping experiences for millions of consumers every day and generate billions in annual retail sales. For more information, visit simon.com.

CONTACT:

Authentic Brands Group
Haley Steinberg
PR and Communications
(646) 612-7439
hsteinberg@abg-nyc.com

General Growth Properties
Kevin Berry
SVP Investor & Public Relations
(312) 960-5529
kevin.berry@ggp.com

Simon Property Group
Tom Ward
SVP Investor Relations
(317) 685-7330
tom.ward@simon.com

Source: General Growth Properties

General Growth Properties’ COO Shobi Khan to participate at the Evercore ISI 2016 Real Estate Conference

CHICAGO, 2016-Sep-08 — /EPR Retail News/ — General Growth Properties, Inc. (NYSE: GGP)(the “Company”) today (September 7, 2016) announced that Shobi Khan, Chief Operating Officer, will participate in a panel discussion titled “RETAIL – WHAT ARE THE OPPORTUNITIES AND CHALLENGES FACING TODAY’S LANDLORDS?” at the Evercore ISI 2016 Real Estate Conference in New York on September 8, 2016, at 2:45 p.m. Eastern Time.

Live Webcast: http://www.veracast.com/webcasts/evercoreisi/realestate2016/22110147144.cfm

An online replay will be available for one month after the event.

About General Growth Properties, Inc.
General Growth Properties, Inc. is an S&P 500 company focused exclusively on owning, managing, leasing, and redeveloping high-quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

CONTACT:
General Growth Properties, Inc.
Kevin Berry
SVP Investor & Public Relations
kevin.berry@ggp.com
(312) 960-5529

Source: General Growth Properties, Inc.

General Growth Properties to release first quarter 2016 financial and operational results on Monday, May 2, 2016

CHICAGO, 2016-Apr-20 — /EPR Retail News/ — General Growth Properties, Inc. (NYSE: GGP) will report financial and operational results for the first quarter 2016 after the close of business on Monday, May 2, 2016, and host a conference call for investors and other interested parties at 8:00 a.m. Central (9:00 a.m. Eastern) on Tuesday, May 3, 2016. The information to be discussed during the call will be contained in the earnings release and supplemental financial package which will be available on the Investors section of the company’s website at www.ggp.com.

The conference call will be accessible by telephone and through the Internet. Interested parties can access the call by dialing 877.845.1018 (international 707.287.9345). A live webcast of the conference call will be available in listen-only mode in the Investors section at www.ggp.com. Interested parties should access the conference call or website 10 minutes prior to the beginning of the call in order to register.

For those unable to listen to the call live, a replay will be available after the conference call event. To access the replay, dial 855.859.2056 (international 404.537.3406) conference ID: 72648905.

General Growth Properties, Inc.
General Growth Properties, Inc. is an S&P 500 company focused exclusively on owning, managing, leasing, and redeveloping high-quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

CONTACT:

General Growth Properties, Inc.
Kevin Berry, SVP Investor & Public Relations
(312) 960-5529
kevin.berry@ggp.com

General Growth Properties, Inc. to report Q4 2015 results on Monday, February 1, 2016

CHICAGO, 2015-12-11 — /EPR Retail News/ — General Growth Properties, Inc. (NYSE: GGP) will report financial and operational results for the fourth quarter 2015 after the close of business on Monday, February 1, 2016, and host a conference call at 8:00 a.m. Central (9:00 a.m. Eastern) on Tuesday, February 2, 2016. The information to be discussed during the call will be contained in the earnings release and supplemental financial package which will be available on the Investors section of the company’s website at www.ggp.com.

The conference call will be accessible by telephone and through the Internet. Interested parties can access the call by dialing 877.845.1018 (international 707.287.9345). A live webcast of the conference call will be available in listen-only mode in the Investors section at www.ggp.com. Interested parties should access the conference call or website 10 minutes prior to the beginning of the call in order to register.

For those unable to listen to the call live, a replay will be available after the conference call event. To access the replay, dial 855.859.2056 (international 404.537.3406) conference ID: 3107667.

About GGP
GGP is an S&P 500 company focused exclusively on owning, managing, leasing and redeveloping high quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

CONTACT:

General Growth Properties, Inc.
Kevin Berry, VP Investor Relations
312-960-5529
kevin.berry@ggp.com

SOURCE: General Growth Properties, Inc.

General Growth Properties to participate in panel discussion titled “RETAIL – WHERE ARE THE NEXT OPPORTUNITIES?” at Evercore ISI 2015 Real Estate Conference

CHICAGO, 2015-10-7 — /EPR Retail News/ — General Growth Properties, Inc. (NYSE:GGP, the “Company”) today announced that Sandeep Mathrani, Chief Executive Officer, will participate in a panel discussion titled “RETAIL – WHERE ARE THE NEXT OPPORTUNITIES?” at the Evercore ISI 2015 Real Estate Conference in New York on Thursday, October 8, 2015, at 2:45 p.m. Eastern Time.

Event: General Growth Properties to Participate in Panel Discussion at Evercore ISI 2015 Real Estate Conference

When: 2:45 p.m. Eastern Time, Thursday, October 8, 2015

Live Webcast: RETAIL – WHERE ARE THE NEXT OPPORTUNITIES? under the Investors section of the Company’s website at http://investor.ggp.com.

An online replay will be available for one month after the event.

About General Growth Properties, Inc.
General Growth Properties, Inc. is an S&P 500 company focused exclusively on owning, managing, leasing, and redeveloping high-quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

CONTACT:

General Growth Properties, Inc.
Kevin Berry, 312-960-5529
VP Investor Relations
kevin.berry@ggp.com

General Growth Properties CEO Sandeep Mathrani will participate at Bank of America Merrill Lynch 2015 Global Real Estate Conference

CHICAGO, 2015-9-21 — /EPR Retail News/ — General Growth Properties, Inc. (NYSE:GGP, the “Company”) today announced that Sandeep Mathrani, Chief Executive Officer, will participate in a panel discussion titled “Transforming the Mall Experience – Insights into an Evolving Format” at the Bank of America Merrill Lynch 2015 Global Real Estate Conference in New York on Wednesday, September 16, 2015, at 9:35 a.m. Eastern Time.

Event: General Growth Properties to Participate at Bank of America Merrill Lynch 2015 Global Real Estate Conference.

When: 9:35 a.m. Eastern Time, Wednesday, September 16, 2015

Live Webcast: Transforming the Mall Experience – Insights into an Evolving Format under the Investors section of the Company’s website at http://investor.ggp.com.

An online replay will be available for three months after the event.

Connect With General Growth Properties

For additional information, please visit www.ggp.com

Follow GGP on Twitter at https://twitter.com/generalgrowth

Find GGP on Facebook at https://www.facebook.com/GeneralGrowthProperties

Find GGP on LinkedIn at https://www.linkedin.com/company/general-growth-properties

About General Growth Properties, Inc.
General Growth Properties, Inc. is an S&P 500 company focused exclusively on owning, managing, leasing, and redeveloping high-quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

CONTACT:

Investor Contact:
General Growth Properties, Inc.
Kevin Berry, 312-960-5529
VP Investor Relations
kevin.berry@ggp.com

General Growth Properties unveiled new fall style guide featuring men’s and women’s apparel from GGP retailers

CHICAGO, 2015-9-11 — /EPR Retail News/ — General Growth Properties, Inc. (NYSE: GGP) today announced a new fall style guide featuring men’s and women’s apparel from GGP retailers and fall fashion advice from style blogger Amber Fillerup, creator of the blog Barefoot Blonde and popular YouTube personality. The 2015 guide is available online and features fall outfits, trends, tips, unique wardrobe looks and a video with fall trend advice from Amber.

“We’re always looking for ways to provide original content to our shoppers and help push the fashion envelope. Creating this fall look book is just one way we can help our customers discover the latest styles at our malls,” said Sarah Alter, SVP, chief marketing officer, GGP. “Amber’s knack for pairing clothing with unique hair styles and accessories, along with the valuable input from GGP’s retail partners, makes our Fall Fashion web experience an all-inclusive, fashion-forward guide for consumers looking for a little style inspiration this season.”

Barefoot Blonde blogger Amber Fillerup shares original posts for GGP’s online Fall Fashion Guide, imparting the latest fall trends and expert tips on how to mix and match clothes, makeup and accessories to create new looks – stylishly and affordably. Amber also divulges her Top 11 “must-haves” in a “Fall Fashion Trend” video, showcasing her favorite looks to inspire shoppers to ramp up their fall looks this season. The guide also includes fall fashion tips for men, as Amber’s husband, David, shares practical advice and tips for guys.

“GGP’s goal for this fall style guide aligns perfectly with what I love to do on my own blog – share what’s trending and inspire fashion fans to incorporate these trends in their own unique ways,” said Amber Fillerup of Barefoot Blonde. “Since the guide encompasses all fashion occasions – from everyday casual to a night on the town – it’s the ultimate shopping tool, and will make a trip to a GGP mall easy, fun and inspiring.”

Follow Amber on Facebook, Twitter and Instagram.

Follow GGP on Facebook and Twitter and read about industry news on the Thriving Malls blog.

General Growth Properties, Inc. is an S&P 500 company focused exclusively on owning, managing, leasing and redeveloping high-quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

GGP
Lesley Cheers, 312.960.2646
Lesley.cheers@generalgrowth.com

General Growth Properties, Inc. announced an increase of $500 million to its existing share repurchase program

CHICAGO, 2015-8-27— /EPR Retail News/ — General Growth Properties, Inc. (NYSE: GGP)(the “Company”) today announced that its Board of Directors authorized an increase of $500 million to the Company’s existing share repurchase program (the “Program”). Together with amounts previously authorized that have not been used for repurchases, the Company has approximately $600 million available for repurchases under the Program. The Program has no expiration date.General Growth Properties, Inc.General Growth Properties, Inc. is an S&P 500 company focused exclusively on owning, managing, leasing and redeveloping high quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

CONTACT:

Investor Contact:
General Growth Properties, Inc.
Kevin Berry, VP Investor Relations
kevin.berry@ggp.com
(312) 960-5529

Jordin Sparks partners with General Growth Properties, Inc. to promote her third album, Right Here Right Now releasing on August 21, 2015

NEW YORK, 2015-8-18— /EPR Retail News/ — Grammy-Nominated Sony Music Recording Artist, Jordin Sparks, announces an exclusive marketing partnership with General Growth Properties, Inc. (GGP) to promote her highly anticipated third album, Right Here Right Now releasing on August 21, 2015. The partnership includes a national sweepstakes, live-stream performance event, a series of exclusive content releases, pop-up appearances and consumer engagement both online and in the malls.

“Our malls are the shopping, dining and entertainment hubs in their communities. We are continuously looking for opportunities to entertain and engage our guests,” said Scott Morey, EVP, GGP. “Through GGP’s massive direct-to-consumer reach, social media channels and customer database, the Jordin Sparks Right Here Right Now launch campaign will amplify the mall shopping experience with a fun, unique and engaging event.”

Sparks will make appearances at four GGP malls, giving shoppers an exciting opportunity for an in-person meet-and-greet and purchase download cards of her new album.

Friday, August 14 Glendale Galleria – (Glendale [Los Angeles], CA)
5 p.m. to 7 p.m. Bloomingdale’s

Saturday, August 15 Fashion Show Mall (Las Vegas)
2 p.m. Concert
4 p.m. to 6 p.m. Forever 21

Friday, August 21 Woodbridge Center – (Woodbridge, NJ)
5 p.m. to 7 p.m. F.Y.E.

Saturday, August 22 Water Tower Place – (Chicago)
11 a.m. to 1 p.m. Harry Caray’s Seventh Inning Stretch

At the Fashion Show Mall appearance in Las Vegas, Sparks will conduct a special performance, featuring songs from Right Here Right Now in addition to some of her biggest hits, including, “No Air” and “One Step at a Time.” The performance will be live-streamed online and broadcast in GGP malls via digital video screens the next day, Sunday, August 16. The partnership also includes a national sweepstakes that gives one lucky fan a once-in-a- lifetime trip to Los Angeles to get VIP treatment at Glendale Galleria, a $1000 shopping spree and a fun-filled afternoon with Jordin at a surprise destination.

“We are pleased to partner with GGP to reach millions of consumers who have been fans of Jordin’s since voting for her on American Idol,” says Tom Carrabba, GM/EVP of Sony Music’s RED Associated Labels. “This activation represents the kind of synergy we are looking for with partners in retail, technology and consumer products to bring a unique music experience to fans.”

ABOUT JORDIN SPARKS
Jordin Sparks is a Grammy nominated multi-platinum global superstar who has sold over 11 million units since her career launch in 2007 when she won American Idol at the young age of 17. With 3 Top 10 Billboard singles, and one which Billboard Magazine rated one of the greatest duets of all time, “No Air” with Chris Brown, and a number one hit THE WAY, which she co-wrote for Ariana Grande, Jordin is a force in the music industry as both an artist and songwriter. She is also a social media powerhouse with over 13 million social media followers, and 200 million VEVO views. As an actress Jordin has appeared in numerous films including starring alongside Whitney Houston in her final film “Sparkle.” She is well known host at top red carpet events such as the Billboard Awards and American Music Awards, and has starred on Broadway as Nina Rosario in “In the Heights.” The phenom Sparks will now be releasing her highly anticipated third studio album, Right Here Right Now, on August 21st via Sony Music / 19 / Louder Than Life.

Follow Jordin Sparks on FacebookTwitter and Pinterest.

ABOUT RIGHT HERE RIGHT NOW
Right Here Right Now, the 3rd studio album from Grammy nominated global superstar Jordin Sparks – is available everywhere Friday, August 21st. The album offers a broad spectrum of music ranging from power ballads, pop tempos, club infused mixes and a narrow focus around the essence of 90’s R&B. The 14-track standard album includes features from major recording artists B.o.B, J-Doe, 2 Chainz, Shaggy, Elijah Blake and more! The album is currently available for pre-order via iTunes and JordinSparks.com.

ABOUT GGP
Follow GGP on Facebook and Twitter and read about industry news on the Thriving Malls blog.

General Growth Properties, Inc. is an S&P 500 company focused exclusively on owning, managing, leasing and redeveloping high-quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

Contacts

Kerry Smalls
The Chamber Group
212.366.5801

Wendy Washington
Sony Music Entertainment

Lesley Cheers
General Growth Properties, Inc.
312.960.2646

General Growth Properties CEO Sandeep Mathrani to present at Bernstein 31st Annual Strategic Decisions Conference in New York

Chicago, Illinois, 2015-5-27 — /EPR Retail News/ — General Growth Properties, Inc. (NYSE: GGP, the “Company”) today announced that Sandeep Mathrani, Chief Executive Officer, will present at the Bernstein 31st Annual Strategic Decisions Conference in New York on Thursday, May 28, 2015, at 3:00 p.m. Eastern Time.

The live audio webcast will be available online in the Investors section of the Company’s website and at http://cc.talkpoint.com/bern001/052715a_ae/?entity=51_T3UQB32. An online replay will be available for approximately six months after the event.

General Growth Properties, Inc.
General Growth Properties, Inc. is an S&P 500 company focused exclusively on owning, managing, leasing and redeveloping high—quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

CONTACTS:

INVESTORS
Kevin Berry
(312) 960-5529

###

General Growth Properties, Inc. and AustralianSuper partner to own and operate Ala Moana Center located in Honolulu, Hawaii

Chicago, Illinois, 2015-3-5 — /EPR Retail News/ — General Growth Properties, Inc. (NYSE: GGP) and AustralianSuper announced today they have formed a partnership to own and operate Ala Moana Center located in Honolulu, Hawaii. Effective with the partnership formation, GGP will own a 75% equity interest and AustralianSuper will own a 25% equity interest in Ala Moana Center. The transaction values Ala Moana Center at approximately $5.5 billion.

Ala Moana Center is one of the largest and most productive shopping malls in the world with over $1,350 of tenant sales per square foot. The property is comprised of approximately 2.2 million square feet of retail and office space and is undergoing a major redevelopment. Upon completion, an additional 660,000 square feet of retail space will be anchored by Bloomingdale’s first store in Hawaii and Nordstrom.

The transaction will generate approximately $907 million of net proceeds. GGP received approximately $670 million of net proceeds at closing on February 27, 2015. The remaining $237 million of net proceeds will be paid in late 2016 after substantial completion of the redevelopment. GGP expects to use the net proceeds to repay approximately $670 million of debt within the next two months. The weighted average interest rate of the debt is approximately 4.6%.

GGP may sell an additional 12.5% equity interest in Ala Moana Center within the next 60 days on the same economic terms. GGP expects to use the net proceeds to fund a pending acquisition.

Forward-Looking Statements
Certain statements made in this press release may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Although the Company believes the expectations reflected in any forward-looking statement are based on reasonable assumption, it can give no assurance that its expectations will be attained, and it is possible that actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks, uncertainties and other factors. Such factors include, but are not limited to, the Company’s ability to refinance, extend, restructure or repay near and intermediate term debt, its indebtedness, its ability to raise capital through equity issuances, asset sales or the incurrence of new debt, retail and credit market conditions, impairments, its liquidity demands, and economic conditions. The Company discusses these and other risks and uncertainties in its annual and quarterly periodic reports filed with the Securities and Exchange Commission. The Company may update that discussion in its periodic reports, but otherwise takes no duty or obligation to update or revise these forward-looking statements, whether as a result of new information, future developments, or otherwise.

ABOUT GGP
General Growth Properties, Inc. is an S&P 500 company focused exclusively on owning, managing, leasing, and redeveloping high-quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

ABOUT AUSTRALIAN SUPER
AustralianSuper is Australia’s largest industry super fund, with more than two million members and more than A$84 billion in funds under management. AustralianSuper’s Balanced Fund has delivered an average annual return of 10.04% over the past five financial years.

 

CONTACTS:

GGP
Kevin Berry
Phone: (312) 960-5529
Mobile: (708) 308-5999

AUSTRALIANSUPER
Stephen McMahon
Phone: +61 3 8648 3828
Mobile: +61 407 507 415