Friday 24 July 2020

Gap must keep paying rent at Times Square flagship: Judge

Among coronavirus-battered retailers, the Gap has been one of the most high-profile proponents of the idea that the pandemic has canceled its rent obligations. Legal experts have been skeptical, and a judge’s decision this week over rent owed at the Gap’s Times Square flagship store would indicate the courts are, too. On Wednesday, the judge ordered The Gap and its Old Navy subsidiary to keep paying their landlord nearly $3 million a month in rent



source https://therealdeal.com/2020/07/24/gap-must-keep-paying-rent-at-times-square-flagship-judge/

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