Simon Property Group drops effort to evict Saks Global stores behind in rent
The parties have settled a dispute that threatened to derail progress in Saks’ effort to exit bankruptcy court next month.
Related Articles
Simon Property Group flags $100M Saks Global investment in rent dispute
The mall REIT told the bankruptcy court that the luxury department store owes more than $7 million.
Simon Property Group CEO David Simon dies at 64
The real estate magnate’s son Eli Simon on Monday took over as CEO and president and will also continue as chief operating officer.
Saks Global faces more rent disputes amid bankruptcy
A group of mall landlords says as much as $19 million in unpaid rent piled up in the two weeks after the luxury department store’s…
Most US Eddie Bauer stores likely to close as operator preps bankruptcy
Authentic Brands Group, which owns the brand’s intellectual property, last month shifted its e-commerce and wholesale licenses to another company.
All Eddie Bauer stores to close after failure to find a buyer
The entity running the brand’s locations, which licenses the intellectual property from Authentic Brands Group, filed for bankruptcy last month.