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Brookfield aims to spend $5mn to boost troubled retailers in US malls

Brookfield aims to spend $5mn to boost troubled retailers in US malls

Brookfield Asset Management Inc. plans to invest $5bn to help retailers hit by the Covid-19 pandemic. The initiative will be aimed at taking non-controlling stakes in retail businesses with pre-pandemic revenue of $250mn or more and whose sales now have tumbled as stores have remained closed owing to the lockdown. This strategy could also help the mall owner to keep its rent payments intact.

Milan
Milan
Top in Business