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.
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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.
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…
Saks Global to shutter 9 full-line stores
Saks Fifth Avenue is taking the brunt of the plans, with eight stores on the list. The company told the bankruptcy court further closures may…
Saks Global announces 15 more store closures, expands vendor base to 500
Three Neiman Marcus and 12 Saks Fifth Avenue locations will shutter. The luxury company, which is in bankruptcy court, said its fleet is likely now…