Business
American Dream sours for owners of US mega-mall amid ‘significant’ cash crisis – The Guardian
Triple Five, which owns the enormous New Jersey complex, forced to sell 49% stake in two other giant malls in Minnesota and Canada
The owner of the American Dream, the mega-mall in New Jersey once billed as the future of retail, has put up nearly half of the ownership of its two largest malls to stay in business.
In March last year, just five months after it opened, American Dream was forced to shut its doors as Covid-19 surged in the US. It stayed closed until October, when some of its attractions and stores reopened.
The 3m-sq-ft mall was regarded as a litmus test for the future of brick-and-mortar shopping at a time when…
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