SIMON SUES STARBUCKS OVER TEAVANA CLOSURES

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.