Starbucks Sued by Country’s Largest Mall Operator

August 30, 2017

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At the time, Starbucks’ 2012 acquisition of Teavana for $620 million was the largest in company history.
The company claims Starbucks doesn’t need to close Teavana.
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Claiming that the concept isn’t actually losing money, Simon Property Group Inc., the country’s largest mall operator, is suing Starbucks Corp. over its decision to shutter Teavana retail stores in its U.S. malls.