Patrick T. Fallon | Bloomberg | Getty Images
David Simon, chairman and chief executive officer of Simon Property Group
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.
However, an Indiana judge has ruled in Simon’s favor, preventing the coffee giant from closing 77 doors or facilitating any “going out of business” or similar sales, court documents reviewed by CNBC…