SI­MON SUES STAR­BUCKS OVER TEAVANA CLO­SURES

USA TODAY US Edition - - MONEY -

Si­mon Prop­erty Group, one of the na­tion’s largest mall op­er­a­tors, has sued Star­bucks over its plans to shut­ter all of the Teavana stores op­er­at­ing in its cen­ters na­tion­wide. In the law­suit filed Aug. 21, Si­mon of­fi­cials ar­gued that their shop­ping cen­ters rely on each of their ten­ants ful­fill­ing their lease obli­ga­tions, in­clud­ing con­tin­u­ously op­er­at­ing in the space for the en­tire lease term. Among the 379 stores be­ing closed, 78 are in Si­mon cen­ters.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.