Taubman Centers Inc. put a price tag on its failed bid to build a high-end Long Island mall in Syosset, N.Y., and it stretched to nine figures.
The real estate investment trust said Wednesday that it had taken an impairment charge of $115.9 million to cover its unfulfilled plan to build The Mall at Oyster Bay. An appellate division judge this month reversed a New York State Supreme Court decision ordering the town of Oyster Bay to issue a special permit for the facility.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)