Taubman Centers, Inc. to Temporarily Close Shopping Centers in Response to COVID-19
TAUBMAN CENTERS (TCO)
Last taubman centers earnings: 2/10 07:32 am
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Source: Business Wire
Closures will be effective from the end of business on March 19 through March 29 or later if required by state or local government BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Taubman Centers, Inc. (NYSE: TCO) today announced the temporary closures of all but two of the company’s U.S. shopping centers in response to COVID-19. The closures will be effective at the close of business on March 19 and will continue through March 29, or later if required by state or local government.“After numerous discussions with state and local officials, we will temporarily cease operations in all but two centers this evening,” said the company’s Chairman, President and CEO Robert S. Taubman. “We are clearly in unprecedented times and this is right decision for our shoppers, retailers, employees and these communities.”Following is the list of malls that will temporarily close:CaliforniaBeverly Center (Los Angeles)Sunvalley Shopping Center (Concord)The Gardens on El Paseo (Palm Desert)ColoradoCherry Cre
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