Saks fights landlord to keep Stanford Shopping Center location open

By Jonathan Randles, Bloomberg

Bankrupt luxury retailer Saks Global Enterprises is moving to block Simon Property Group from closing two locations in California and New York, a clash that exposes a widening rift between one of the nation’s largest mall owners and one of its most prominent anchor tenants.

Simon is seeking to take over a Saks location at the Stanford Shopping Center in Palo Alto, California and a Saks OFF Fifth discount store at an outlet mall in Woodbury, New York.