Thursday, January 18, 2018

Simon Settles Suit With Starbucks Over Teavana Closures

In November, an Indiana judge ordered Starbucks to halt from closing Teavana stores in 77 retail locations owned by Simon Property. A Starbucks Teavana store in the Queens Center Mall in Queens, N.Y. Simon Property Group and Starbucks Corp. have reached a settlement over a lawsuit by the mall owner that had sought to prevent Starbucks from closing Teavana stores in its shopping centers.

In November, an Indiana judge ordered the coffee giant to halt from closing Teavana stores in 77 retail locations owned by Simon. Starbucks filed an appeal against the preliminary injunction.. . . more

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