The 202-year-old brand was purchased by ABG and Simon Property Group in September.
In light of the current poor business climate and for shopping centers in particular, Simon’s 80 percent purchase of Taubman is viewed as a win-win for both sides.
Malls have struggling with dwindling shopper traffic but Simon’s takeover of Taubman will help the combined portfolio.
But the landlord still managed to stay profitable last quarter and is looking toward deals for Brooks Brothers and Lucky Brand.
The $3.6 billion deal is going to mediation while both sides prepare for a potential trial in November.
As the coronavirus crisis wears on, negotiations are becoming more difficult.
Temporary store closures, work-from-home mandates and a halt to major air traffic means retailers in particular are under extended financial pressure.
The combination makes strategic sense to Wall Street, but consumers will have the final vote.