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International Plaza files suit against Robb & Stucky

Robb & Stucky, the upscale furniture retailer that filed for Chapter 11 bankruptcy protection in Tampa, has worn out its welcome as a tenant at International Plaza. Turns out the Fort Myers-based chain hasn't paid its $95,000-a-month rent at the Tampa mall for two years. Mall operator and part owner Taubman Centers Inc. gave the store three days to leave just before the Christmas holiday season, then filed suit Jan. 28 to collect $734,000 in damages. The furniture company, which hopes to use a bankruptcy auction as a vehicle to survive by selling itself to new investors, reportedly faces a similar lawsuit by a landlord in Scottsdale, Ariz. Typically, bankruptcy filings take precedence over ongoing legal disputes by treating landlords like Taubman as another unpaid creditor. Taubman rented two-thirds of a former Lord & Taylor department store at IP to Robb & Stucky in hopes it could generate as much business as the $25 million to $50 million a year that the average mall department store does in the bay area.

International Plaza files suit against Robb & Stucky 02/22/11 [Last modified: Tuesday, February 22, 2011 9:13pm]
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