Ye gods!
...Target Corp's abrupt
decision to withdraw from Canada is troubling news for many mall owners,
as the most obvious potential buyer of property assets - Wal-Mart - is
expected to cherry-pick from Target's 133 locations. Minneapolis-based
Target, the second-biggest U.S. discounter, obtained creditor protection
for the Canadian unit and said on Thursday it will seek to sell real
estate assets...
That will put 17,000 on the unemployment line; and there is the little matter of $5 BILLION in debt.
No comments:
Post a Comment