U.S. landlords, retailers play hardball as mall rent collections plunge
Tapestry Inc Chief Executive
Officer Jide Zeitlin has been negotiating lower rents for the
company’s Coach and Kate Spade stores for more than a month,
using the brands’ power to draw in U.S. mall traffic as leverage
in tough talks with landlords.
Officer Jide Zeitlin has been negotiating lower rents for the
company’s Coach and Kate Spade stores for more than a month,
using the brands’ power to draw in U.S. mall traffic as leverage
in tough talks with landlords.
Posted by Reuters
