How will the Saks Global bankruptcy affect restaurants?
This week’s episode of the Restaurant Business podcast A Deeper Dive features Stephen Cohen, a real estate attorney who does a lot of work with restaurants.
We wanted to speak with Stephen about the real estate implications of the bankruptcy filing of the giant retailer Saks Global.
No, Saks is not a restaurant, though it owns a few of them. But it is a major real estate tenant with some 8.4 million square feet.
Many of its locations are in malls populated by a lot of restaurants.
We wanted to talk about the implications this could have on restaurants, both for good or for ill. Cohen talks about the potential implications for foot traffic at some malls and potential opportunities for certain restaurants to get available space in some desirable shopping centers.
But we talk a lot about other topics, including various real estate trends and the opportunities and risks of opening in second generation real estate sites—or closed restaurants, as it were.
We’re talking malls on A Deeper Dive so please check it out.
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