Simon Property Group (SPG) has abandoned its $3.6 billion purchase of Taubman Centers Inc. and filed suit against the Michigan-based mall owner over an alleged breach of a merger agreement. SPG, the nation’s largest mall owner, said Taubman, which has 26 shopping centers in the...
Mall owners are starting to feel the COVID-19 pinch. Taubman is sticking tight to its rent guidelines. Simon Property Group has cut its workforce. As mall owners start to face the reality of the COVID-19 crisis, they and every non-essential retail segment could use some...
Brick-and-mortar retailers are opening smaller-scale locations packed with technology designed to meet the needs of shoppers in cities. Sainsbury’s, in one case, unveiled a new c-store format in London called On The Go to deliver “big innovation in small spaces for local shoppers” and used data to...
As retail owners face the challenge of decreased foot traffic and store closures brought on by the rise of eCommerce, mall owners have been aiming to change their properties with the introduction of dining options, entertainment and other features. And two mall owners are joining...
November 16, 2020
Simon Property Group, Inc. and Taubman Centers, Inc. have changed their merger price to $43 per share in cash, according to a press release from Simon. The combination is anticipated to close late this year or early next year, “subject to Taubman shareholder approval and customary closing conditions,” according to the release. Taubman and Simon […]
June 10, 2020
Simon Property Group (SPG) has abandoned its $3.6 billion purchase of Taubman Centers Inc. and filed suit against the Michigan-based mall owner over an alleged breach of a merger agreement....
February 10, 2020
As retail owners face the challenge of decreased foot traffic and store closures brought on by the rise of eCommerce, mall owners have been aiming to change their properties with...
