ALBANY, N.Y. — Simon Property Group Inc., the largest publicly traded real estate investment trust in North America, has reached an agreement with New York Attorney General Eliot Spitzer to settle a lawsuit the state brought against the mall...
ALBANY, N.Y. — Simon Property Group Inc., the largest publicly traded real estate investment trust in North America, has reached an agreement with New York Attorney General Eliot Spitzer to settle a lawsuit the state brought against the mall operator.
Simon Property, which operates 10 shopping malls and outlet centers in New York state, agreed to pay $100,000 in penalties and $25,000 in costs, and to comply with New York’s gift card law.
A state law enacted Oct. 18 bans monthly service fees on gift cards until the card has been unused for 12 consecutive months. Simon had been imposing a $2.50 monthly administrative fee on cards inactive for seven months after purchase.
The REIT will also comply with New York’s disclosure law, which requires that the $5 fee to replace a lost or stolen card and the $7.50 fee to reissue an expired card be shown prominently on the gift card, a Spitzer spokeswoman said.
“This is a great victory for our consumers and will show all gift card providers that they must abide by the laws of this state if they wish to do business here,” said State Sen. Charles J. Fuschillo Jr. (R., Nassau County), who sponsored the state law.
Simon Property owns and operates Roosevelt Field in Garden City, Mall at The Source in Westbury, Walt Whitman Mall in Huntington Station, Smith Haven Mall in Lake Grove, The Westchester in White Plains, Jefferson Valley Mall in Yorktown Heights, Nanuet Mall in Nanuet, Woodbury Common Premium Outlets in Central Valley, Waterloo Premium Outlets in Waterloo and Chautaugua Mall in Lakewood.
Simon, whose representatives were unavailable for comment, has a market capitalization of about $36 billion.
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews
“Stranger Things” is getting a new cast member for season 2. Meet @sadiesink_, the 15-year-old who will be joining the Netflix series for its new season. You may recognize her from “The Glass Castle” with Brie Larson and Woody Harrelson, but the Texas native’s next role goes in an entirely different direction. She describes her character, Max, as “a rough and tumble skater girl [who] becomes friends with the boys at school.” The second season debuts on October 27. (📷: @jgreenery) #wwdeye
Amid the Harvey Weinstein controversy, there’s another sector that’s being put under the spotlight for sexual abuse: the modeling industry. While rumors about abuse and sexual harassment of female and male models — and the photographers, agents and others who perpetrated it — have circulated within the fashion world for years, model @cameronrussell started posting stories from models on Instagram last week about abusive situations they’ve encountered — from sexual harassment and molestation to attempted rape. Over 75 have weighed in so far. Read more on WWD.com. Link in bio. #wwdnews
To celebrate its 16th anniversary, @dylanscandybar tapped designers and celebrities to create mosaics out of candy. The mosaics will be auctioned off to support the philanthropic cause of each participant’s choice. Pictured here is the mural created by @aliceandolivia's Stacey Bendet. For a first look at some of the other artwork being unveiled tonight, go to WWD.com. #wwdeye
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye
"Nowadays when life is not so happy with everything going on in the world, I think people come to me for a little bit of whimsy and color and fun." - Designer Rebecca De Ravenel on her cult-favorite jewelry line. (📸 : @vsteves) #wwd40
“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
@eyeswoon blogger Athena Calderone debuted her first-ever cookbook, “Cook Beautiful,” which is heavily centered on the presentation and visual expression of food. Pictured here are her miso glazed carrots from the book. Get the recipe on WWD.com. (📷: @johnny_miller_) #wwdeye