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Simon Property Group Reduces Stake in Authentic Brands Group
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Simon Property Group reduces stake in Authentic Brands Group from 12% to 10% for $300 million in cash. The move follows the company's divestment process of retail ownership within five or 10 years.
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How might the reduction in stake impact the financial performance and strategic direction of Authentic Brands Group?
What factors contributed to the decline of Simon Property Group's retail portfolio, and how might it recover in the future?
What lessons can other companies learn from Simon Property Group's stake reduction and divestment process?
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