Posted on 12/03/2017 8:41:50 AM PST by Maceman
An Indiana judge has taken an unusual step and temporarily barred Starbucks from closing 77 failing Teavana stores in Simon Property Group malls because the real estate giant was less able to handle the financial pain.
Starbucks said in July it planned to shutter its 379-store Teavana operation — but Simon rushed to court to block 77 stores in its malls from going dark — claiming such a move by a high-profile tenant could spark other stores in its malls to close.
Starbucks, after trying to turn around its stumbling tea chain, said last August it was pulling the plug on Teavana.
It wanted to close all the stores by the end of the year.
But Indianapolis-based Simon, in an environment where hundreds of stores across the country are closing, rushed to a local court to ask Judge Heather Welch to stop the store closing.
Welch, in a 55-page order, found that the very profitable Starbucks could absorb the financial hit — estimated by Starbucks to be $15 million over five months — better than Simon could. The mall operator did not provide an estimate of how much the closings of the Teavana stores would hurt them.
(Excerpt) Read more at nypost.com ...
Welcome to the USSR!
I’m no lawyer, but this sounds like massive judicial overreach. What legal principle could justify this ruling?
What a strange strange world we live in, Master Jack...
Nah, I can see it. Any biz that thinks it can make a national tea franchise work in a coffee country deserves to be punished.
Maybe BLM could start a chain of Purple Drank shops to replace them.
I can’t believe I’m on Starbuck’s side this time.
Close the stores and make they judge force Starbucks to keep them open.
Can you imagine the sheriff deputies as baristas?
Progressive communist judges do not need legal principles. They make them up on the fly according to how they feel.
The judge has no right to do that. The ruling is invalid.
Say what?...How is this possible in our country? Starbucks CEO better speak up and lawyer up now! This cannot be allowed to set a precedent.
Its long past time for the judiciary to be reigned in.
They are completely out of control. No lifetime appointments either. The legislatures need to assert their authority over these tyrants.
Its not an overreach.
He wants the taxpayer to cover the losses of Starbucks.
Overreach? how can you suggest that for a moment. Just another corrupt obamanite judge doing reverse justice.
Actually if you sign a commercial lease the entity commits to staying open during the term of lease. This is a judge sticking to the terms of the contract.
The only escape from not being open would be inability to absorb the hit, which starbucks can..
Yep, WTF in maximum point size bold!
I bet Starbucks tea is as bad as their coffee, but without that bizarre reputation of being special.
Shocking. Sounds to me like Venezuelan economics. We are ruled by tyrants in black robes, most of whom need to be made into crow food, and swinging from lampposts
Wow! The next time I go to Starbucks to order a Tall, Non-Fat Latte With Caramel Drizzle or a Triple, Venti, Half Sweet, Non-Fat, Caramel Macchiato instead of my usual “just coffee . . . you heard it right . . . just normal coffee,” maybe I’ll ask for a cup of tea.
Does the tea taste burnt?
Very shortsighted on SPGs part also.
The judge is most likely the product of a law school employing the Critical Legal Studies variant of jurisprudence.
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