Simon Sells ABG Stake, Eyes Express Despite Cooling Retail Holdings

Simon could complete an Express deal despite diluting some other retail stakes. (AP Photo/Ross D. ... [+] Franklin, File)Copyright 2020 The Associated Press. All rights reservedU.S. mall giant Simon Property Group Simon Property Group has exited Authentic Brands Group (ABG), selling off its near 10% stake in the international brand management business for nearly $1.2 billion.That put Simon’s total proceeds for what was, at its highest, a 12% stake in Authentic at $1.45 billion over the past two quarters. af ...