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PHOENIX Closes Acquisition of Express Inc. Retail Operating Assets

PHOENIX Closes Acquisition of Express Inc. Retail Operating Assets

PHOENIX Closes Acquisition of Express Inc. Retail Operating Assets

NEW YORK, June 25, 2024 /PRNewswire/ — PHOENIX, a newly formed DTC platform led by WHP Global in collaboration with an affiliate of Simon Property Group, Brookfield Properties and Centennial Real Estate, today announced the successful acquisition of the majority of the retail operating assets of Express Inc .

PHOENIX now operates all retail and e-commerce in the United States for both Express and Bonobos, which includes more than 450 physical stores. This acquisition not only secures the legacy of Express and Bonobos, but also lays the foundation for future expansion into the retail sector.

About PHOENIX
PHOENIX RETAIL LLC was formed in 2024 by WHP Global, an affiliate of Simon Property Group, Brookfield Properties and Centennial Real Estate to acquire Express Retail Company and operate Express & Bonobos direct-to-consumer businesses in the United States.

SOURCE WHP Global