Fashion
Federated in large-scale swap
US-based Federated Department Stores Inc has announced a deal with the Australian-based real estate conglomerate Westfield Group, in which it will sell 15 stores in return for 12 stores that it has been leasing from Westfield. The Australian group is the world's largest retail property company. Federated will sell six Macy's stores, one Hecht's...
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