News | Saks Global and its biggest landlord, Simon Property, clash over two stores

Saks Global, currently in Chapter 11 bankruptcy, has resolved most disputes over unpaid rent with landlords and secured $1.75 billion in financing. However, it continues to clash with its largest landlord, Simon Property Group, over the latter’s attempt to terminate two store leases to relet them at higher rates. This dispute highlights the complex relationship between the two companies, who are also partners in a joint venture.