From TRD New York: Simon Property Group is suing Starbucks Corp. over its plan to close its Teavana stores across the country. Simon alleges that by closing Teavana locations in 78 of its malls, Starbucks would be breaching its lease agreements. The Indianapolis-based real estate investment trust filed the suit in Indiana last week, according to the Indianapolis Business Journal and Wall Street Journal. It’s arguing that while other retailers have shut down due to struggling ... [more]
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