Starbucks and Amazon-owned Whole Foods are the latest victims of retail landlords pushing back against companies shuttering stores and trying to bypass contractual agreements.
Recently, the largest U.S. mall owner, Simon Property Group,
claimed a high-profile victory in court over Starbucks, which was
planning to close 77 of its Teavana stores across Simon's properties.
Starbucks previously announced
this summer it was planning to shutter all Teavana locations by the
spring of 2018, as they were dragging down Starbucks' overall financial
performance.. . . more