Taubman appoints Mayree C. Clark and Michael J. (“Mike”) Embler to its Board

  • Mayree C. Clark, Founding Partner of Eachwin Capital LP, and Michael J. Embler, former Chief Investment Officer for Franklin Mutual Advisers LLC, to Join the Board in January 2018
  • New Independent Directors Bring Significant Investor Stewardship, Public Company Board and Other Experience
  • Company’s Restated By-Laws Amended, Board to Declassify by 2020 Annual Meeting
  • Cia Buckley Marakovits Appointed to Nominating and Corporate Governance Committee

BLOOMFIELD HILLS, Mich., 2017-Nov-13 — /EPR Retail News/ — Taubman Centers, Inc. (NYSE: TCO) (the “Company”) today announced that the Company’s Board of Directors has appointed Mayree C. Clark and Michael J. (“Mike”) Embler to the Board, effective January 16, 2018. Graham T. Allison and Peter Karmanos, Jr. will resign from the Board, effective January 15, 2018, and Mr. Embler and Ms. Clark will assume the remainder of Mr. Allison’s and Mr. Karmanos’ terms, which expire at the Company’s 2018 Annual Meeting.

The Company also announced Board declassification bylaw amendments, which implement the Company’s transition to annual elections for directors in accordance with the timeline previously announced. Directors will be elected for one-year terms beginning with the 2018 class of directors. Later classes will also stand for one-year terms at subsequent annual meetings, and the Board will be fully declassified by the 2020 Annual Meeting when the directors in the 2017 director class complete their elected terms.

Following a review of the Board’s composition and in light of Cia Buckley Marakovits’ significant involvement in the Company’s shareholder engagement and governance initiatives, the Board has also appointed Ms. Buckley Marakovits to its Nominating and Corporate Governance Committee, effective immediately. Ms. Buckley Marakovitsjoined the Taubman Board in December 2016.

Today’s changes follow the Company’s previously announced commitments to accelerate Board refreshment and transition to annual elections for directors. The Company continues to work with a leading search firm, Heidrick & Struggles, to identify an additional new independent director by the 2019 Annual Meeting.

Ms. Clark is an experienced investment professional with strong financial acumen. She has held a number of leadership positions in asset management, mergers and acquisitions, corporate finance, debt capital markets, real estate and other areas relevant to Taubman’s business and operations. Ms. Clark has served as managing partner of Eachwin Capital, LP, an investment management firm, since its founding in 2010. Prior to founding Eachwin Capital, she was a partner with AEA Holdings and a senior advisor to its real estate affiliate, Aetos Capital Asia. Previously, Ms. Clark held numerous positions at Morgan Stanley for more than 20 years, including head of real estate capital markets, global director of research, and chairman of MSCI.

Mr. Embler is a seasoned investment executive with extensive public company board experience. Mr. Embler has significant fiduciary experience, having served as the Chief Investment Officer of Franklin Mutual Advisers LLC(“Franklin”), an asset management subsidiary of Franklin Resources, Inc. Prior to Franklin, he held numerous positions of increasing responsibility culminating as managing director and co-head of a proprietary trading division at Nomura Holdings America, Inc.

“These appointments underscore the Board’s commitment to strong corporate governance practices and alignment with shareholders,” said Myron E. (“Mike”) Ullman III, Lead Director and Chair of the Nominating and Corporate Governance Committee of the Company. “Following direct engagement with many of the Company’s shareholders, the Board identified Mayree and Mike as exemplary and highly complementary additions. Our goal was to bring additive skillsets to the Board, increase gender and other diversity, and reduce the average age and tenure of our independent directors, and with the additions of Mayree and Mike, we have done just that. On behalf of the Board, I thank Graham and Peter for their many contributions to Taubman over the years.”

“Mayree has a superb reputation and adds a wealth of investment and investor stewardship experience to the Board, and Mike, with his deep financial, capital markets, and investing skills, brings a true investor perspective to the Board,” said Robert S. Taubman, Chairman, President and Chief Executive Officer of the Company. “We are delighted to add Mayree and Mike to the Board and greatly look forward to benefitting from their perspective as we focus on executing the right strategies that will help build on Taubman’s long track record of success.”

“I am excited to be appointed to the Taubman Board and provide new perspectives as an independent voice,” said Ms. Clark. “Taubman is navigating the rapidly evolving retail environment from a strong competitive position, and I look forward to working collaboratively with the rest of the Board and management team to enhance value for Taubman shareholders.”

“It is an honor to join a board of an iconic company with best-in-class assets,” said Mr. Embler. “I believe that my significant public Board experience and experience representing the interests and perspectives of shareholders will enable me to build on the strong independent leadership at Taubman and play an important role in developing and overseeing winning strategies. I look forward to continuing to build on the Company’s positive momentum to create shareholder value.”

About Mayree C. Clark
Ms. Clark is a member of the Board of Directors of Ally Financial Inc. (since 2009), where she is chair of the Risk Committee and a member of the Audit Committee. She has served as managing partner of Eachwin Capital, LPsince its founding in 2010. Prior to forming Eachwin, Mayree was a partner and member of the Executive Committee of AEA Holdings, which represented the joint interests of Aetos Capital and AEA Investors.

Previously, Mayree was affiliated with Morgan Stanley for 24 years. She served in mergers and acquisitions, corporate finance, debt capital markets and real estate during the early years of her career there, and spent two years as deputy to the chairman, president and CEO. She became Global Research Director in 1994 and led that effort to preeminence until 2001, when she was asked to manage the firm’s global private wealth management activities. She was non-executive chairman of MSCI from 2000 to 2005. During her tenure at Morgan Stanley Ms. Clark served on the Institutional Securities Management Committee, the Investment Banking Operating Committee and the Equity Commitment Committee.

Mayree was a director of the Stanford Management Company, which is responsible for the University’s endowment, from 2007 to 2015.

Ms. Clark is currently a director of the Tricycle Foundation and a member of the Council on Foreign Relations. She is also a member of the Corporate Governance Advisory Council to the board of the Council of Institutional Investors. She received an M.B.A. from the Graduate School of Business at Stanford University, and a B.S. from the University of Southern California.

About Michael J. Embler
Mr. Embler is a member of the Board of Directors of American Airlines Group Inc. (since 2013), where he is a member of the Audit and Finance Committees, and NMI Holdings, Inc. (since 2012), where he is chair of the Audit Committee and a member of the Compensation Committee. Mr. Embler previously served on the boards of CIT Group Inc. (2009 to 2016), AboveNet, Inc. (2003 to 2012), Dynegy Inc. (2011 to 2012), Kindred Healthcare, Inc.(2001 to 2008), and The Grand Union Company (1999 to 2000).

From 2005 to 2009, Mike was the chief investment officer for Franklin Mutual Advisers LLC, an asset management subsidiary of Franklin Resources, Inc. He served as vice president and head of Franklin’s distressed investment group from 2001 to 2005. Between 1993 and 2001 Mr. Embler held numerous positions of increasing responsibility culminating as managing director and co-head of a proprietary trading division at Nomura Holdings America, Inc(“Nomura”). Before joining Nomura, Mr. Embler began his career at Federal Filings, a subsidiary of Dow Jones & Co., specializing in reporting on corporate reorganizations and co-founding The Daily Bankruptcy Review.

Mr. Embler currently serves on the Board of Directors of Mohonk Preserve, a non-profit land trust in New York State, where he serves as Treasurer and Chair of the Finance Committee. He received an M.B.A. from George Washington University and a B.S. from State University of New York at Albany.

About Taubman
Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 27 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubman’s U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong. www.taubman.com.

For ease of use, references in this press release to “Taubman Centers,” “company,” “Taubman” or an operating platform mean Taubman Centers, Inc. and/or one or more of a number of separate, affiliated entities. Business is actually conducted by an affiliated entity rather than Taubman Centers, Inc. itself or the named operating platform.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect management’s current views with respect to future events and financial performance. Forward-looking statements can be identified by words such as “will”, “may”, “could”, “expect”, “anticipate”, “believes”, “intends”, “should”, “plans”, “estimates”, “approximate”, “guidance” and similar expressions in this press release that predict or indicate future events and trends and that do not report historical matters. The forward-looking statements included in this release are made as of the date hereof. Except as required by law, the company assumes no obligation to update these forward-looking statements, even if new information becomes available in the future. Actual results may differ materially from those expected because of various risks, uncertainties and other factors. Such factors include, but are not limited to: changes in market rental rates; unscheduled closings or bankruptcies of tenants; relationships with anchor tenants; trends in the retail industry; the liquidity of real estate investments; the company’s ability to comply with debt covenants; the availability and terms of financings; changes in market rates of interest and foreign exchange rates for foreign currencies; changes in value of investments in foreign entities; the ability to hedge interest rate and currency risk; risks related to acquiring, developing, expanding, leasing and managing properties; changes in value of investments in foreign entities; risks related to joint venture properties; insurance costs and coverage; security breaches that could impact the company’s information technology, infrastructure or personal data; the loss of key management personnel; shareholder activism costs and related diversion of management time; terrorist activities; maintaining the company’s status as a real estate investment trust; changes in the laws of states, localities, and foreign jurisdictions that may increase taxes on the company’s operations; and changes in global, national, regional and/or local economic and geopolitical climates. You should review the company’s filings with the Securities and Exchange Commission, including “Risk Factors” in its most recent Annual Report on Form 10-K and subsequent quarterly reports, for a discussion of such risks and uncertainties.

Source: Taubman Centers, Inc.

Ryan Hurren, Taubman, Director, Investor Relations, 248-258-7232

rhurren@taubman.com

or

Maria Mainville, Taubman, Director, Strategic Communications, 248-258-7469

mmainville@taubman.com

SOURCE: THE TAUBMAN COMPANY LLC

Taubman announces return of “Santa’s Flight Academy” to 12 of its shopping centers from November 9 through December 24

Larger-than-life reimagination of the North Pole features state-of-the-art technology that transforms each child into a ‘Cadet’ and delivers a sneak peak of ‘Ferdinand’ in theaters Dec. 15

BLOOMFIELD HILLS, Mich., 2017-Nov-09 — /EPR Retail News/ — To capture the magic and wonder of the holiday season, Taubman (NYSE: TCO) today (11/07/2017) announced that “Santa’s Flight Academy,” a one-of-a-kind, immersive holiday experience, will return to 12 of its shopping centers from November 9 through December 24. Set in a gigantic reimagination of the North Pole, state-of-the-art technology is used to enable children to join Santa’s flight crew before meeting him in person.

“With Santa’s Flight Academy, we continue the cherished tradition of meeting Santa, but modernize it for each child with special, personalized experiences that happen throughout the visit,” said William Taubman, chief operating officer, Taubman. “This special adventure can only be found in select Taubman shopping centers.”

As an elite flight crew member, the mission is to prepare Santa’s sleigh to deliver presents around the world. Upon entering Santa’s Flight Academy, each ‘Cadet’ presents their official badge and is recognized by name. From there, children are fitted for a virtual flight suit, navigate a flight course, inspect and power the sleigh all before takeoff. The experience culminates with an enchanted snowfall dance party and a visit with Santa.

In partnership with 20th Century Fox, the holiday set will also showcase a sneak preview of the upcoming animated movie Ferdinand. In theaters Friday, December 15, the film tells the story of a giant bull with a big heart and proves you can’t judge a bull by its cover.

For a second year, Santa’s Flight Academy will only be available at the following:

  • Cherry Creek Shopping Center (Denver)
  • Dolphin Mall (Miami, Fla.)
  • Fair Oaks Mall (Fairfax, Va.)
  • Great Lakes Crossing Outlets (Auburn Hills, Mich.)
  • International Plaza (Tampa, Fla.)
  • The Mall at Green Hills (Nashville)
  • The Mall of San Juan (Puerto Rico)*
  • The Mall at Short Hills (Short Hills, N.J.)
  • The Mall at University Town Center (Sarasota, Fla.)*
  • Sunvalley Shopping Center (Concord, Calif.)
  • Twelve Oaks Mall (Novi, Mich.)
  • Westfarms (Hartford, Conn.)

*The Mall of San Juan and The Mall at UTC open to the public on November 11

To help expedite each visit, customers are encouraged to create official flight crew badges via the center’s website, or through mobile apps available for iPhone and Android. However, badges can also be created onsite at special Santa’s Flight Academy kiosks.

A variety of photo packages will be available for purchase, each includes a complimentary Lovepop card. Santa’s Express Lane passes (at participating centers) may be purchased online and will allow families to reserve a time block and avoid lengthy lines. For more information on a specific location, please contact each shopping center or visit the center’s website.

ABOUT TAUBMAN

Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 27 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubman’s U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong. www.taubman.com

Contact:

Maria Mainville
Director, Strategic Communications, Taubman
248-258-7469
mmainville@taubman.com

Amy Grundman
Manager, Strategic Communications, Taubman
248-258-7681
agrundman@taubman.com

Source: Taubman Centers, Inc.

Taubman to reopen The Mall of San Juan on Thursday, October 19

Program to begin with donations to five charities to help those in need in Puerto Rico

BLOOMFIELD HILLS, Mich., 2017-Oct-18 — /EPR Retail News/ — Taubman Centers, Inc. (NYSE: TCO) today (10/17/2017) announced that The Mall of San Juan will reopen at 11 a.m. on Thursday, October 19. The center has been closed since September 19 due to the impact of Hurricane Maria.

“Our hearts go out to all of the residents of Puerto Rico during this time of difficulty. We are so grateful that our mall management team and their families are healthy and safe,” said Taubman Chairman, President and CEO Robert Taubman. “We know there is a long road ahead for so many and we want to be of service and support.”

With the mall’s reopening, Taubman and The Mall of San Juan are kicking off a year-long community service program that will begin with donations to Unidos Por Puerto Rico, Cruz Roja Americana, ConPRmetidos, The Salvation Army and the Para la Naturaleza Community Fund. Other initiatives will be announced in the future. The collective efforts will result in more than $100,000 of cash and in-kind support for Puerto Rico.

“Our hope is that through our community outreach efforts, we can help serve those in need,” said The Mall of San Juan General Manager José Ayala Bonilla. “We want to do what we can to help restore our beloved community.”

As a result of Hurricane Maria, The Mall of San Juan incurred some interior water damage and exterior landscaping and signage damage, but the interior common area was relatively unharmed. Restoration efforts for the impacted areas are ongoing. The center has been ready to reopen since the beginning of October but the island’s unstable power has resulted in several delays. Taubman is installing large generators this week to allow the mall to operate autonomously if power continues to be intermittent.

When it opens its doors, The Mall of San Juan will have an estimated 50-60 tenants capable of serving customers, with additional tenants opening in time for the holidays. Of the anchor tenants, Nordstrom recently stated that the company is in the process of determining how to rebuild and reopen its store as quickly as possible. Saks Fifth Avenue has not yet provided publicly an update on the status of the repair and reopening of its store.

On Thursday, the community is welcome to visit to reunite with family and friends, relax and enjoy the climate-controlled environment and plug in. The center’s temporary hours will be 11 a.m. to 5 p.m. each day until normal business hours are resumed.

About Taubman

Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 27 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubman’s U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong. www.taubman.com.

About The Mall of San Juan

The Mall of San Juan is a world-class shopping, dining and entertainment destination featuring many distinct, unique to market retailers. The shopping center is located at the south end of the Teodoro Moscoso Bridge, five minutes from the Luis Muñoz Marín International Airport. For more information visit www.themallofsanjuan.com

Contact:

Maria Mainville
Taubman
Director
Strategic Communications
248-258-7469
mmainville@taubman.com

Nelly Cruz
Nelly Crusz & Associates
787-691-3210
nellycruzpr@yaoo.com

Ryan Hurren
Taubman
Director
Investor Relations
248-258-7232
rhurren@taubman.com

Source: Taubman Centers, Inc.

Taubman to report 2Q 2017 earnings on July 27, 2017

BLOOMFIELD HILLS, Mich., 2017-Jun-15 — /EPR Retail News/ — Taubman Centers, Inc. (NYSE: TCO) will announce its second quarter 2017 earnings after the market closes on July 27, 2017. The company will host a conference call to discuss these results on July 28, 2017 at 11 a.m. EDT.

Shareholders and interested parties may listen to a live broadcast of the conference call by dialing 1-866-820-1712 or 1-973-638-3468 and using reservation code 9675593 or by accessing the call online at http://investors.taubman.com/investors/investor-events-and-presentations. An online replay will be available for approximately 90 days.

A telephone replay will be available until August 11, 2017 and can be accessed at 1-855-859-2056 using reservation code 9675593.

About Taubman

Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 27 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubman’s U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong. www.taubman.com.

For ease of use, references in this press release to “Taubman Centers,” “company,” “Taubman” or an operating platform mean Taubman Centers, Inc. and/or one or more of a number of separate, affiliated entities. Business is actually conducted by an affiliated entity rather than Taubman Centers, Inc. itself or the named operating platform.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect management’s current views with respect to future events and financial performance. Forward-looking statements can be identified by words such as “will”, “may”, “could”, “expect”, “anticipate”, “believes”, “intends”, “should”, “plans”, “estimates”, “approximate”, “guidance” and similar expressions in this press release that predict or indicate future events and trends and that do not report historical matters. The forward-looking statements included in this release are made as of the date hereof. Except as required by law, the company assumes no obligation to update these forward-looking statements, even if new information becomes available in the future. Actual results may differ materially from those expected because of various risks, uncertainties and other factors. Such factors include, but are not limited to: changes in market rental rates; unscheduled closings or bankruptcies of tenants; relationships with anchor tenants; trends in the retail industry; the liquidity of real estate investments; the company’s ability to comply with debt covenants; the availability and terms of financings; changes in market rates of interest and foreign exchange rates for foreign currencies; changes in value of investments in foreign entities; the ability to hedge interest rate and currency risk; risks related to acquiring, developing, expanding, leasing and managing properties; changes in value of investments in foreign entities; risks related to joint venture properties; insurance costs and coverage; security breaches that could impact the company’s information technology, infrastructure or personal data; the loss of key management personnel; shareholder activism costs and related business disruptions; terrorist activities; maintaining the company’s status as a real estate investment trust; changes in the laws of states, localities, and foreign jurisdictions that may increase taxes on the company’s operations; and changes in global, national, regional and/or local economic and geopolitical climates. You should review the company’s filings with the Securities and Exchange Commission, including “Risk Factors” in its most recent Annual Report on Form 10-K and subsequent quarterly reports, for a discussion of such risks and uncertainties.

Contact:
Ryan Hurren
Director
Investor Relations
Taubman
248-258-7232
rhurren@taubman.com

Maria Mainville
Director
Strategic Communications
Taubman
248-258-7469
mmainville@taubman.com

Source: Taubman Centers, Inc.

Taubman responds on Institutional Shareholder Services and Glass Lewis reports

Taubman Urges Shareholders to Vote “FOR” Taubman Centers’ Director Nominees on the WHITE Proxy Card

BLOOMFIELD HILLS, Mich, 2017-May-24 — /EPR Retail News/ — Taubman Centers, Inc. (NYSE: TCO) (the “Company”) today (05/23/2017) issued the following statement in response to reports issued by Institutional Shareholder Services Inc. (ISS) and Glass Lewis & Co. (Glass Lewis) regarding the election of directors to Taubman’s Board at the Company’s 2017 Annual Meeting of Shareholders to be held on June 1, 2017:

We believe that ISS and Glass Lewis have erred by not recommending that shareholders vote on the WHITEproxy card in support of ALL of Taubman’s highly-qualified director nominees – Robert (“Bobby”) S. Taubman, Cia Buckley Marakovits and Myron (“Mike”) E. Ullman III. Instead of assessing Land & Buildings’ slate on its merits, the proxy advisory firms instead regrettably based their recommendations on other factors, such as the Company’s decision to reject a hostile takeover attempt from 15 years ago – a decision that even ISS acknowledges was correct from a valuation perspective.

ISS even highlighted the experience and expertise of Bobby Taubman, our Chairman and CEO, and Mike Ullman, our lead independent director, noting that “…the chairman/CEO and the lead independent director—have extensive and relevant experience. Taubman has overseen the curation of a valuable portfolio. Mr. Ullman has many years of experience as a director of luxury brands relevant to the company’s malls and experience as a director of Starbucks Corp., which could be relevant to the company’s Asian expansion,” among other positive comments.1

By focusing on a 15-year old issue, the proxy advisor firms have ignored the Company’s track record of performance. Together Taubman’s experienced management team and actively engaged Board have delivered total compounded annualized shareholder returns of approximately 15 percent over the past 20 years, the highest of any publicly traded regional mall REIT over that period, and we remain focused on delivering value.

Taubman’s nominees are highly-qualified, and have the requisite experience, skills and knowledge directly relevant to the Company’s strategy and business which are critical for effective oversight and direction. The Taubman Board recommends that shareholders vote “FOR” each of Taubman’s director nominees – Robert (“Bobby”) S. Taubman, Cia Buckley Marakovits and Myron (“Mike”) E. Ullman III on the WHITE proxy card today.

Mike is a leader in the retail industry and has brought wide-ranging knowledge in critical areas, including leadership of global businesses, finance, executive compensation, governance, risk assessment and compliance; he has been an exceptional addition to Taubman’s Board, and his recent appointment to the newly created position of lead director is reflective of his immense contributions, engagement and leadership.

Bobby is a recognized leader in the REIT and regional mall industries, and has led Taubman to become one of the top performing REITs in the country in terms of shareholder returns. Under Bobby’s leadership as Chairman and CEO, Taubman has assembled the industry’s premier portfolio of high-quality retail assets that has consistently delivered outstanding long-term shareholder returns.

Cia Buckley Marakovits has brought an additional independent perspective to our boardroom, informed by decades of real estate, financial and investment stewardship experience, which both complements and strengthens our Board’s expertise and is proving invaluable to our evolving business.

Taubman has continued to make substantial enhancements to its Board and corporate governance practices and the Board is highly engaged on the Company’s strategies for delivering long-term growth, operational excellence and increased value for all shareholders. For example on the governance front, after Mike joined the Board in 2016 and became the new Chair of Taubman’s Nominating and Corporate Governance Committee, the Board appointed Cia Buckley Marakovits as the newest independent director to enhance the Board’s independence and increase its industry and investment expertise. The Board also created the new position of lead director to augment the Board’s independent leadership, effective oversight and strategic guidance, and the independent directors unanimously appointed Mike Ullman to that role.

In contrast, Land & Buildings’ nominees, Jonathan Litt and Charles Elson, would not be additive to the Taubman Board. Jonathan Litt has no operational experience, and his track record as a sell-side analyst demonstrates a consistent misunderstanding of Taubman’s strategy and ability to create value. Indeed, throughout his tenure, Mr. Litt consistently missed the mark on Taubman’s performance: Mr. Litt had a “sell” or “underperform” rating on Taubman 28 times – in the following 12 months of each report, Taubman produced an average actual stock return of 33.3 percent whereas Mr. Litt predicted a 13.7 percent decline.Mr. Litt’s campaign against the Company exhibits an unwillingness to work collaboratively and in the best interests of all shareholders over the long term. Charles Elson is a paid consultant and serial nominee of Land & Buildings who lacks any real estate, retail, business or other industry expertise, which is acutely important in the evolving retail environment and in light of the Company’s asset-focused model. We believe electing EITHER of Land & Buildings’ nominees and removing the current Chairman and CEO and Lead Director would negatively impact shareholder value creation and derail the proven strategy that is underway at Taubman.

Land & Buildings has engaged in an aggressive campaign replete with misleading and inaccurate information, including with regard to the Series B preferred shares. Contrary to what Land & Buildings may want shareholders to believe, the Series B preferred shares provide for “one share, one unit, one vote” and are simply not a “dual class” structure in which economic interests in the enterprise are misaligned with voting power. As significant holders with substantial economic exposure, the interests of the Taubman family are completely aligned with those of other shareholders.

Taubman continues to create value for all shareholders, and we are confident in the Company’s prospects – with the right leadership – for sustainable growth and long-term value creation.

Taubman shareholders are reminded that their vote is extremely important, no matter how many or how few shares they own, as Land & Buildings has targeted the Company’s Chairman and CEO and the Company’s Lead Director for replacement by its nominees. Taubman believes that replacing Bobby Taubman would be value-destructive, disruptive to the tenant relationships he has created over the last 20 years and destabilizing for employees. In addition, the removal of Mike Ullman would be counterproductive to the Board’s oversight and the governance enhancement initiatives the Company has undertaken, including those announced since Mr. Ullman was appointed the new Chair of the Nominating and Corporate Governance Committee. In addition, the Company believes simultaneously removing the Chairman and CEO as well as the Lead Director would be damaging to the function of the Board and detract, rather than enhance, strong governance. Taubman shareholders are urged to use the WHITE proxy card to vote “FOR” all three of the Company’s director nominees.

If you have any questions or require any assistance in voting your shares,
please call the Company’s proxy solicitor listed below:

INNISFREE M&A INCORPORATED
Toll-free at (888) 750-5834 (from the U.S. or Canada)
or
(412) 232-3651 (from other locations)

About Taubman

Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 27 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubman’s U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong. www.taubman.com.

FORWARD-LOOKING STATEMENTS

This document may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect management’s current views with respect to future events and financial performance. Forward-looking statements can be identified by words such as “will”, “may”, “could”, “expect”, “anticipate”, “believes”, “intends”, “should”, “plans”, “estimates”, “approximate”, “guidance” and similar expressions in this document that predict or indicate future events and trends and that do not report historical matters. The forward-looking statements included in this document are made as of the date hereof. Except as required by law, we assume no obligation to update these forward-looking statements, even if new information becomes available in the future. Actual results may differ materially from those expected because of various risks, uncertainties and other factors. Such factors include, but are not limited to: changes in market rental rates; unscheduled closings or bankruptcies of tenants; relationships with anchor tenants; trends in the retail industry; the liquidity of real estate investments; the company’s ability to comply with debt covenants; the availability and terms of financings; changes in market rates of interest and foreign exchange rates for foreign currencies; changes in value of investments in foreign entities; the ability to hedge interest rate and currency risk; risks related to acquiring, developing, expanding, leasing and managing properties; changes in value of investments in foreign entities; risks related to joint venture properties; insurance costs and coverage; security breaches that could impact the company’s information technology, infrastructure or personal data; the loss of key management personnel; shareholder activism costs and related business disruptions; maintaining our status as a real estate investment trust; changes in the laws of states, localities, and foreign jurisdictions that may increase taxes on our operations; and changes in global, national, regional and/or local economic and geopolitical climates. You should review our filings with the Securities and Exchange Commission, including “Risk Factors” in our most recent Annual Report on Form 10-K and any subsequent quarterly reports, for a discussion of such risks and uncertainties.

This document may also include disclosures regarding, but not limited to, estimated future earnings assumptions and estimated project costs and stabilized returns for centers under development and redevelopment which are subject to adjustment as a result of certain factors that may not be under the direct control of the company. Refer to our filings with the Securities and Exchange Commission on Form 10-K and Form 10-Q for other risk factors.

ADDITIONAL INFORMATION AND WHERE TO FIND IT

The Company has filed a definitive proxy statement and associated WHITE proxy card with the U.S. Securities and Exchange Commission (the “SEC”) in connection with the solicitation of proxies for the Annual Meeting of Shareholders of the Company (the “Annual Meeting”). The Company, its directors, its executive officers and certain other individuals set forth in the definitive proxy statement will be deemed participants in the solicitation of proxies from shareholders in respect of the Annual Meeting. Information regarding the names of the Company’s directors and executive officers and certain other individuals and their respective interests in the Company by security holdings or otherwise is set forth in the Annual Report on Form 10-K of the Company for the fiscal year ended December 31, 2016, filed with the SEC on February 23, 2017, and has been included in the definitive proxy statement filed with the SEC on April 20, 2017. Details containing the nominees of the Company’s Board of Directors for election at the 2017 Annual Meeting of Shareholders are included in the definitive proxy statement. BEFORE MAKING ANY VOTING DECISION, SHAREHOLDERS OF THE COMPANY ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH OR FURNISHED TO THE SEC, INCLUDING THE DEFINITIVE PROXY STATEMENT AND ANY SUPPLEMENTS THERETO AND ACCOMPANYING WHITE PROXY CARD, BECAUSE THEY CONTAIN IMPORTANT INFORMATION. The Company’s definitive proxy statement and a form of proxy have been mailed to shareholders of the Company. Investors and shareholders can obtain a copy of the documents filed by the Company with the SEC, including the definitive proxy statement, free of charge by visiting the SEC’s website, www.sec.gov. The Company’s shareholders can also obtain, without charge, a copy of the definitive proxy statement and other relevant filed documents when available from the Company’s website at www.taubman.com.

1 Permission to use quotations neither sought nor obtained

Media:
Maria Mainville
Taubman, Director, Communications
1-248-258-7469
mmainville@taubman.com

Andrew Siegel / Meaghan Repko / Joseph Sala
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449

Investors:
Ryan Hurren
Taubman, Director, Investor Relations
248-258-7232
rhurren@taubman.com

Source: Taubman Centers, Inc.

Taubman launches “Santa’s Flight Academy” to enable children to become a member of Santa’s flight crew

Larger-than-life reimagination of the North Pole paired with state-of-the-art technology enables children to partner with Santa’s Elves to prepare his sleigh for its journey around the world

BLOOMFIELD HILLS, Mich., 2016-Nov-04 — /EPR Retail News/ — To rediscover the magic and tradition of the holiday season, Taubman will debut “Santa’s Flight Academy,” a one-of-a-kind, immersive holiday experience that combines a giant reimagination of the North Pole with state-of-the-art technology to enable children to become a member of Santa’s flight crew. Partnering with an elf – either Sleigh Mechanic George, Flight Director Sparkle or Reindeer Caretaker Flash – each child will help ready Santa’s sleigh so he can deliver presents to children around the world.

“We’re thrilled to offer Santa’s Flight Academy to give children a truly immersive holiday experience,” said William Taubman, chief operating officer, Taubman Centers, Inc. “The holidays are a time for creating special memories, and we are confident children will be delighted with this new adventure and the encounter will become a tradition for years to come.”

Upon entering Santa’s Flight Academy, each child ‘Cadet’ will present his or her official flight crew badge and will be immediately recognized by name. From there, several of Santa’s onsite helpers will guide children through the experience of being fitted for a virtual flight suit, helping inspect and power Santa’s sleigh before takeoff, and other tasks to ensure that every present will be carefully delivered.

At the end of the adventure, each child will step inside a 22-foot-tall sleigh for an enchanted snowfall dance party before meeting Santa. Children will also receive a special gift from Santa to personally thank them for heroically saving the day.

Santa’s Flight Academy will be available exclusively at the following 12 Taubman shopping centers from Friday, November 11, through Saturday, December 24:

  • Cherry Creek Shopping Center (Denver)
  • Dolphin Mall (Miami, Fla.)
  • Fair Oaks Mall (Fairfax, Va.)
  • Great Lakes Crossing Outlets (Auburn Hills, Mich.)
  • International Plaza (Tampa, Fla.)
  • The Mall at Green Hills (Nashville)
  • The Mall of San Juan (Puerto Rico)
  • The Mall at Short Hills (Short Hills, N.J.)
  • The Mall at University Town Center (Sarasota, Fla.)
  • Sunvalley Shopping Center (Concord, Calif.)
  • Twelve Oaks Mall (Novi, Mich.)
  • Westfarms (Hartford, Conn.)

Due to the unprecedented nature of the experience and anticipated high demand, visitors are encouraged to pre-register children for a Santa’s Flight Academy entrance badge online via each shopping center’s website or through the mobile app available for both Android and iPhone platforms. Registration will also be available onsite at Santa’s Flight Academy kiosks located in each shopping center.

A variety of photo packages, in addition to intricate and magical 3D pop-up paper holiday cards by Lovepop, will be available for purchase. Santa’s Express Lane passes and photo packages may be purchased online in advance of the visit. For more information on a specific location, please contact each shopping center or visit the center’s website.

ABOUT TAUBMAN

Taubman Centers, Inc. (NYSE: TCO) is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 26 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubman’s U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong. www.taubman.com.

For ease of use, references in this press release to “Taubman Centers,” “company,” “Taubman” or an operating platform mean Taubman Centers, Inc. and/or one or more of a number of separate, affiliated entities. Business is actually conducted by an affiliated entity rather than Taubman Centers, Inc. itself or the named operating platform.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect management’s current views with respect to future events and financial performance. Forward-looking statements can be identified by words such as “will”, “may”, “could”, “expect”, “anticipate”, “believes”, “intends”, “should”, “plans”, “estimates”, “approximate”, “guidance” and similar expressions in this press release that predict or indicate future events and trends and that do not report historical matters. The forward-looking statements included in this release are made as of the date hereof. Except as required by law, we assume no obligation to update these forward-looking statements, even if new information becomes available in the future. Actual results may differ materially from those expected because of various risks, uncertainties and other factors. Such factors include, but are not limited to: changes in market rental rates; unscheduled closings or bankruptcies of tenants; relationships with anchor tenants; trends in the retail industry; the liquidity of real estate investments; the company’s ability to comply with debt covenants; the availability and terms of financings; changes in market rates of interest and foreign exchange rates for foreign currencies; changes in value of investments in foreign entities; the ability to hedge interest rate and currency risk; risks related to acquiring, developing, expanding, leasing and managing properties; changes in value of investments in foreign entities; risks related to joint venture properties; insurance costs and coverage; security breaches that could impact the company’s information technology, infrastructure or personal data; the loss of key management personnel; terrorist activities; maintaining the company’s status as a real estate investment trust; changes in the laws of states, localities, and foreign jurisdictions that may increase taxes on the company’s operations; and changes in global, national, regional and/or local economic and geopolitical climates. You should review the company’s filings with the Securities and Exchange Commission, including “Risk Factors” in its most recent Annual Report on Form 10-K and subsequent quarterly reports, for a discussion of such risks and uncertainties.

Contact:

Maria Mainville
Director, Strategic Communications, Taubman
248-258-7469
mmainville@taubman.com

Amy Grundman
Manager, Strategic Communications, Taubman
248-258-7681
agrundman@taubman.com

Source: Taubman Centers, Inc.

Taubman to announce its third quarter 2016 earnings on November 1, 2016

BLOOMFIELD HILLS, Mich, 2016-Sep-14 — /EPR Retail News/ — Taubman Centers, Inc. (NYSE: TCO) will announce its third quarter 2016 earnings after the market closes on November 1, 2016. The company will host a conference call to discuss these results on November 2, 2016 at 11 a.m. EDT.

Stockholders and interested parties may listen to a live broadcast of the conference call by dialing 1-866-820-1712 or 1-973-638-3468 and using reservation code 9675582 or by accessing the call online at http://investors.taubman.com/investors/investor-events-and-presentations. An online replay will be available for approximately 90 days.

A telephone replay will be available until November 25, 2016 and can be accessed at 1-855-859-2056 using reservation code 9675582.

About Taubman
Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 26 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubman’s U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong. www.taubman.com.

For ease of use, references in this press release to “Taubman Centers,” “company,” “Taubman” or an operating platform mean Taubman Centers, Inc. and/or one or more of a number of separate, affiliated entities. Business is actually conducted by an affiliated entity rather than Taubman Centers, Inc. itself or the named operating platform.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect management’s current views with respect to future events and financial performance. Forward-looking statements can be identified by words such as “will”, “may”, “could”, “expect”, “anticipate”, “believes”, “intends”, “should”, “plans”, “estimates”, “approximate”, “guidance” and similar expressions in this press release that predict or indicate future events and trends and that do not report historical matters. The forward-looking statements included in this release are made as of the date hereof. Except as required by law, we assume no obligation to update these forward-looking statements, even if new information becomes available in the future. Actual results may differ materially from those expected because of various risks, uncertainties and other factors. Such factors include, but are not limited to: changes in market rental rates; unscheduled closings or bankruptcies of tenants; relationships with anchor tenants; trends in the retail industry; the liquidity of real estate investments; the company’s ability to comply with debt covenants; the availability and terms of financings; changes in market rates of interest and foreign exchange rates for foreign currencies; changes in value of investments in foreign entities; the ability to hedge interest rate and currency risk; risks related to acquiring, developing, expanding, leasing and managing properties; changes in value of investments in foreign entities; risks related to joint venture properties; insurance costs and coverage; security breaches that could impact the company’s information technology, infrastructure or personal data; the loss of key management personnel; terrorist activities; maintaining the company’s status as a real estate investment trust; changes in the laws of states, localities, and foreign jurisdictions that may increase taxes on the company’s operations; and changes in global, national, regional and/or local economic and geopolitical climates. You should review the company’s filings with the Securities and Exchange Commission, including “Risk Factors” in its most recent Annual Report on Form 10-K and subsequent quarterly reports, for a discussion of such risks and uncertainties.

Contact:

Maria Mainville
Taubman, Director, Communications
1-248-258-7469
mmainville@taubman.com

Ryan Hurren
Taubman, Director, Investor Relations
1-248-258-7232
rhurren@taubman.com

Source: Taubman Centers, Inc.

Stamford Town Center appoints Dan Stolzenbach as general manager

STAMFORD, Conn., 2016-May-30 — /EPR Retail News/ — Retail industry veteran Dan Stolzenbach has been named general manager of Stamford Town Center, responsible for operations, retailer and community relations, as well as marketing for the shopping center. Stolzenbach succeeds long-time Taubman employee Meredith Keeler who was named general manager of Country Club Plaza, a marquee retail and office property in Kansas City recently acquired by Taubman and The Macerich Company.

Stolzenbach brings nearly 20 years of experience to the position. Most recently, he served as director of operations for Bergdorf Goodman in New York City where he oversaw multiple departments and inventory control for the leading luxury retailer. Prior to this role, he held a variety of management positions with luxury specialty department store Neiman Marcus.

“I’m excited to join the Stamford Town Center team and build upon the center’s solid foundation,” said Stolzenbach. “The retail industry is more dynamic than ever and we look forward to delivering a shopping and dining experience that’s ever-evolving and truly unique.”

He joins a seasoned Stamford Town Center management team that includes Kevin Waters, who leads marketing and sponsorship initiatives and community relations for the mall. During the management transition, long-time Taubman employee Catherine O’Malley served as interim general manager to assist with operations and the onboarding of Stolzenbach.

About Stamford Town Center
Stamford Town Center features over 100 distinct contemporary stores including A|X Armani Exchange, Coach, J. Crew, Brooks Brothers, H&M, Macy’s, Michael Kors, Pottery Barn, Saks OFF 5TH, Sephora, Uniqlo, Williams-Sonoma, XXI Forever and Zara. The shopping center’s pedestrian-friendly restaurant Plaza features an assortment of fine dining and fast-casual eateries such as California Pizza Kitchen, The Capital Grille, Cosi, Kona Grill and Plan B Burger Bar. For a complete list of stores, restaurants, hours of operation and promotions, visit www.shopstamfordtowncenter.com and follow www.facebook.com/stamfordtowncenter.

# # #

CONTACT:
Kevin Waters
Marketing & Sponsorship Director
Stamford Town Center
Phone: (203) 356-9700
Email: kwaters@taubman.com

 

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Stamford Town Center appoints Dan Stolzenbach as general manager

Stamford Town Center appoints Dan Stolzenbach as general manager

Taubman embarks on a $500 million re-imagination of Beverly Center

Every aspect of the center to be transformed by holiday 2018

LOS ANGELES, 2016-Mar-09 — /EPR Retail News/ — Taubman Centers, Inc. (NYSE: TCO) is embarking on a $500 million re-imagination of Beverly Center this month that will transform every aspect of the iconic fashion destination. The details were revealed this evening at an event featuring Los Angeles Mayor Eric Garcetti, Taubman Chairman, CEO and President Robert Taubman, Chief Operating Officer William Taubman and other special guests.

Critical focus areas for the project include creating a bright, contemporary and highly accessible exterior and interior that engages the center with the surrounding neighborhood, producing an effortless arrival, parking and departure experience, and offering a perfectly curated retail lineup and superior destination dining. Beverly Center and its tenants will be open during construction which is scheduled to be completed by the 2018 holiday season.

“In re-envisioning Beverly Center, we are looking to create LA’s signature urban shopping and dining experience, as well as an exciting, pedestrian-friendly anchor to one of the most creative and diverse neighborhoods in the world,” said Robert Taubman. “The center is a key asset in our portfolio, and after renovation we believe it will become one of the top ten retail centers in the nation.”

“The Beverly Center holds a special place in LA’s imagination — it’s where an entire generation of Angelenos went on first dates, bought prom dresses and met up with friends on weekends,” said Los Angeles Mayor Eric Garcetti. “Reimagining it for the 21st century is a tremendous investment in making those timeless experiences possible for the next generation of Angelenos. These plans capture the spirit of ambition and innovation that is driving our city’s economic resurgence.”

Los Angeles Councilmember Paul Koretz, Council District 5, added, “I am pleased to be working with the Taubmans to bring to our community a beautifully renovated and updated shopping experience at the iconic Beverly Center. Together, we are bringing a significant investment, good jobs, renewed economic activity and a neighborhood-sensitive project to Council District 5.”

Modern, Fresh Design

The design architect for the renovation of the 886,000 sq. ft. center is Studio Fuksas of Rome, Italy. Visionaries Massimiliano and Doriana Fuksas, known for their distinctive designs, are responsible for numerous high-profile projects around the world, including Shenzhen Bao’an International Airport (Guangdong, China), Ferrari Operational Headquarters and Research Center (Maranello, Italy), CBD Cultural Center (Beijing, China), New National Archives of France (Pierrefitte-sur-Seine, France) and many other exceptional venues.

Taubman selected Studio Fuksas to transform Beverly Center into a great urban space that meets the aspirations of Angelenos and suits the world class city it calls home. Massimiliano Fuksas had this to say about architecture: “Contrary to common belief, music should be observed in order to appreciate its true essence, while architecture should be felt.”

Upon completion, Beverly Center’s shoppers and diners will feel its new personality through significant changes that include:

  • Adding a continuous ribbon of new skylights that will bathe the entire center’s elegant and contoured floor openings and curves in natural light.
  • A shimmering new exterior that incorporates a perforated steel façade and will beautifully capture light during all parts of the day.
  • A fresh new streetscape that combines modern architecture and drought-resistant greenery for a pleasant walking experience.
  • A row of street-level restaurants that open the center to the vibrancy of West Third Street and embrace a pedestrian-oriented environment.
  • An additional valet off West Third Street to provide quick access to the street-level restaurants and retail.
  • A state-of-the-art smart parking system to dramatically improve the center’s arrival and departure experience.
  • An eighth level multi-concept gourmet food hall – THE STREET – by Chef Michael Mina.
  • Spectacular panoramic views of the Hollywood Hills and downtown Los Angeles from THE STREET, as well as from the center’s sixth floor.
  • The continual evolution of the merchandise mix combining luxury, contemporary and fast fashion retailers for an unparalleled shopping experience.
  • A flexible Center Court featuring an impressive 20’ w x 35’ h LED screen, plenty of places to sit, relax and plug in, and the ability to host events, exhibitions and installations.

Superior Retail & Dining

Beverly Center for decades has been an iconic fashion destination regularly shopped by locals, international visitors and those who influence celebrity style and popular culture through their work in the entertainment industry. With this renovation, Beverly Center will remain well positioned to lead the city to its fashion future while connecting with these important core customers.

The center will continue to be anchored by Bloomingdale’s and Macy’s, and will have more than 100 of the world’s most coveted brands, including Apple, Burberry, COS, Dolce & Gabbana, Fendi, Foot Locker, Gucci, H&M, Henri Bendel, Jimmy Choo, Louis Vuitton, Maje, Montblanc, OMEGA, Prada, Saint Laurent, Salvatore Ferragamo, Sandro, Tiffany & Co., Traffic, Uniqlo, Versace, XXI Forever and Z Zegna. Additions to the retail lineup will be announced over the course of the project.

In addition to great retail, an estimated ten dining destinations will be developed, including two by Michelin starred,James Beard Award-winning Chef Michael Mina. His first is a multi-concept gourmet food hall called THE STREET. Located on the center’s eighth floor dining terrace, THE STREET will serve an impressive array of cuisines from hawker stations reminiscent of great bazaars from around the world. The hallmark of the experience will be offerings from both Chef Mina and approximately 15-18 concepts for an ever-changing culinary experience.

“THE STREET will feature incredibly diverse cuisine inspired by the local community and the idea of bringing people together through the universal language of great food,” said Chef Mina. “The fare will be healthy, the atmosphere casual and the overall experience will be like no other in LA.”

Part of the uniqueness of THE STREET will be its sweeping views of downtown Los Angeles and the Hollywood Hills that will provide a distinctly LA experience.

The center’s other new chef-driven and fast-casual restaurants, as well as Mina’s second concept, will be announced in the coming months.

A Reflection of its City

Along with shopping and dining, Beverly Center aims to provide a special place for individuals to gather to create, become inspired or simply connect with others. This will be done through special events and programs.

“Our goal is for Beverly Center to draw the community together through retail, dining, art, entertainment and the other passions that connect people to Los Angeles in a meaningful way,” said William Taubman. “The center will respect creativity and will mirror the interests of its shoppers.”

Investor Information

Further information, including an investor presentation, is available online at www.taubman.com under “Investors.” Such materials include the project’s expected stabilized return and 10-year internal rate of return.

ABOUT MINA GROUP
Mina Group is a San Francisco-based restaurant management company specializing in creating and operating upscale, innovative restaurant concepts. Mina Group is led by Chef/Founder Michael Mina whose accolades include James Beard Foundation “Who’s Who of Food and Beverage” inductee in 2013, Bon Appétit Chef of the Year, Food Arts Silver Spoon Award Winner, San Francisco Magazine Chef of the Year, and International Food and Beverage Forum’s Restaurateur of the Year. Operating since 2003, Mina Group currently manages 27 concepts including MICHAEL MINA in San Francisco (Esquire Magazine’s Restaurant of the Year 2011); RN74 atMillennium Tower in San Francisco and RN74 at the Joshua Green Building in Seattle; PABU and THE RAMEN BAR at 101 California in San Francisco; CLOCK BAR at The Westin St. Francis on Union Square in San Francisco; BOURBON STEAK, BOURBON PUB and Michael Mina’s Tailgate at Levi’s Stadium in Santa Clara; STRIPSTEAK at Mandalay Bay in Las Vegas; MICHAEL MINA Bellagio at Bellagio in Las Vegas; BARDOT BRASSERIE at Aria Resort & Casino in Las Vegas; MICHAEL MINA 74 and STRIPSTEAK at Fontainebleau Miami Beach; Locale Market and FarmTable Kitchen at Sundial St. Petersburg in Florida; and THE HANDLE BAR in Jackson Hole. For a complete list of restaurants please visit http://michaelmina.net.

Follow Michael Mina on Facebook at Michael Mina, twitter @ChefMichaelMina and Instagram at ChefMichaelMina.

ABOUT TAUBMAN
Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 24 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubman’s U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Taubman is currently developing four properties in the U.S. and Asia totaling 4.1 million square feet. Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong.www.taubman.com.

For ease of use, references in this press release to “Taubman Centers,” “company,” “Taubman” or an operating platform mean Taubman Centers, Inc. and/or one or more of a number of separate, affiliated entities. Business is actually conducted by an affiliated entity rather than Taubman Centers, Inc. itself or the named operating platform.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect management’s current views with respect to future events and financial performance. The forward-looking statements included in this release are made as of the date hereof. Except as required by law, we assume no obligation to update these forward-looking statements, even if new information becomes available in the future. Actual results may differ materially from those expected because of various risks and uncertainties.You should review the company’s filings with the Securities and Exchange Commission, including “Risk Factors” in its most recent Annual Report on Form 10-K and subsequent quarterly reports, for a discussion of such risks and uncertainties.

Source: Taubman Centers, Inc.

Media:

Maria Mainville, Taubman, Director, Strategic Communications, 248-258-7469, mmainville@taubman.com

Jenn Dees, PMK*BNC, 310-854-3212, Jenn.Deese@pmkbnc.com

or

Investors:

Ryan Hurren, Taubman, Director, Investor Relations, 248-258-7232, rhurren@taubman.com

###

Beverly Center's re-imagined Center Court features a continuous skylight ribbon that will bathe the center in natural light (Photo: Business Wire)

Beverly Center’s re-imagined Center Court features a continuous skylight ribbon that will bathe the center in natural light (Photo: Business Wire)

Taubman and The Macerich Company announce the appointment of Meredith Keeler as general manager of Country Club Plaza

KANSAS CITY, MO, 2016-Mar-02 — /EPR Retail News/ — Shopping center marketing and management veteran Meredith Keeler has been named general manager of Country Club Plaza, a marquee retail and office property in Kansas City recently acquired by Taubman and The Macerich Company. In this role, Keeler is responsible for operations, office, retailer and community relations, as well as marketing for the shopping center.

A long-time Taubman employee, Keeler brings nearly 20 years of experience to the position. Most recently, she served as general manager of Stamford Town Center in Stamford, Conn. She also was the director of marketing for all Taubman centers, and spent five years as marketing and sponsorship director for Northlake Mall in Charlotte, N.C. In recent years, she has helped execute grand openings for several Taubman properties includingCity Creek Center and The Mall of San Juan.

“There’s a vibrant energy in Kansas City and I’m thrilled to be part of the community’s unique history and charm,” said Keeler. “Country Club Plaza is incredibly iconic and I look forward to delivering a truly unique shopping and dining experience to both local residents and visitors.”

Prior to joining Taubman in 2004, Keeler held various marketing and sales positions at Carolina Place Mall in Pineville, N.C., as well as Racing Champions South in Charlotte, N.C.

Keeler graduated Magna cum Laude with honors from the University of North Carolina at Charlotte, where she earned a dual bachelor’s degree in communications and English. She is a member of the International Council of Shopping Centers and recently served on the Stamford Mayor’s Economic Development Task Force, as well as on the executive board of the Stamford Downtown Special Services District.

About Country Club Plaza
Originally constructed in 1922, Country Club Plaza is an iconic, 15-block, 1.3 million square foot mixed-use retail and office property located in the heart of Kansas City. The retail portion of the property includes 804,000 square feet of GLA featuring 45 unique-to-market tenants, with key retailers such as Apple, H&M, Tesla and Lululemon, as well as a dynamic mix of restaurants, including The Capital Grille and The Cheesecake Factory. The 468,000 square foot office portion of the property is comprised of the ten-story Valencia tower, which serves as the worldwide headquarters of Lockton Companies, and additional office space located above the ground-level retail.

About Taubman
Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 24 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubman’s U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Taubman is currently developing four properties in the U.S. and Asia totaling 4.1 million square feet. Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong.

###

Taubman not to move forward with an enclosed regional mall that was slated to be part of Miami Worldcenter mixed-use development in Miami, Florida

  • Company has decided not to move forward with enclosed regional mall
  • Now pursuing a high street retail plan
  • Write off of $11-$12 million to be recognized in the fourth quarter of 2015

BLOOMFIELD HILLS, Mich., 2016-1-12 — /EPR Retail News/ — Taubman Centers, Inc. (NYSE: TCO) today announced that it has decided not to move forward with an enclosed regional mall that was slated to be part of the Miami Worldcenter mixed-use, urban development in Miami, Florida. Instead, Taubman, in conjunction with The Forbes Company and Miami Worldcenter’s master developer, Miami Worldcenter Associates, is now pursuing a high street retail plan that will better utilize the unique characteristics of the site and the market.

As a result of the decision, during the fourth quarter of 2015, Taubman expects to recognize a charge of $11-$12 million for the write off of previously capitalized costs related to predevelopment of the enclosed mall plan. This is expected to reduce 2015 Funds from Operations and net income allocable to common shareholders per diluted common share (EPS) by $0.13-$0.14.

“We’ve invested a significant amount of time on the project,” said Robert S. Taubman, chairman, president and chief executive officer of Taubman Centers. “Unfortunately, we were unable to structure an enclosed mall program that meets our investment criteria. We’re pleased, however, to work with The Forbes Company and Miami Worldcenter Associates on the potential development of a high street plan that we all believe will provide an outstanding retail experience.”

Taubman and Forbes have agreed with Miami Worldcenter Associates on preliminary terms to lease the retail portion of the street level project, with an option to purchase the retail component for a predetermined price once it opens.

About Miami Worldcenter
Occupying 27 acres in the heart of downtown Miami, Miami Worldcenter is one of the largest private real estate developments underway in the United States. The ten-block project will include world-class retail, hospitality and residential uses in the center of Miami’s urban core. All told, the project is expected to account for $2 billion in new investment in downtown Miami.

About Taubman
Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 23 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubman’s U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Taubman is currently developing four properties in the U.S. and Asia totaling 4.1 million square feet. Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong. www.taubman.com.

For ease of use, references in this press release to “Taubman Centers,” “company,” “Taubman” or an operating platform mean Taubman Centers, Inc. and/or one or more of a number of separate, affiliated entities. Business is actually conducted by an affiliated entity rather than Taubman Centers, Inc. itself or the named operating platform.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect management’s current views with respect to future events and financial performance. The forward-looking statements included in this release are made as of the date hereof. Except as required by law, we assume no obligation to update these forward-looking statements, even if new information becomes available in the future. Actual results may differ materially from those expected because of various risks and uncertainties.You should review the company’s filings with the Securities and Exchange Commission, including “Risk Factors” in its most recent Annual Report on Form 10-K and subsequent quarterly reports, for a discussion of such risks and uncertainties.

Source: Taubman Centers, Inc.

Ryan Hurren, Taubman, Director, Investor Relations, 248-258-7232,
rhurren@taubman.com

Maria Mainville, Taubman, Director, Strategic Communications, 248-258-7469,
mmainville@taubman.com

Taubman to announce its fourth quarter 2015 earnings on February 10, 2016

BLOOMFIELD HILLS, Mich., 2015-12-15 — /EPR Retail News/ — Taubman Centers, Inc. (NYSE: TCO) will announce its fourth quarter 2015 earnings after the market closes on February 10, 2016. The company will host a conference call to discuss these results on February 11, 2016 at 11 a.m. EST.

Stockholders and interested parties may listen to a live broadcast of the conference call by dialing 1-866-820-1712 or 1-973-638-3468 and using reservation code 4488983 or by accessing the call online at http://investors.taubman.com/investors/investor-events-and-presentations. An online replay will be available for approximately 90 days.

A telephone replay will be available until February 25, 2016 and can be accessed at 1-855-859-2056 using reservation code 4488983.

About Taubman
Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 23 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubman’s U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Taubman is currently developing four properties in the U.S. and Asia totaling 4.1 million square feet. Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong. www.taubman.com.

For ease of use, references in this press release to “Taubman Centers,” “company,” “Taubman” or an operating platform mean Taubman Centers, Inc. and/or one or more of a number of separate, affiliated entities. Business is actually conducted by an affiliated entity rather than Taubman Centers, Inc. itself or the named operating platform.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect management’s current views with respect to future events and financial performance. The forward-looking statements included in this release are made as of the date hereof. Except as required by law, we assume no obligation to update these forward-looking statements, even if new information becomes available in the future. Actual results may differ materially from those expected because of various risks and uncertainties.You should review the company’s filings with the Securities and Exchange Commission, including “Risk Factors” in its most recent Annual Report on Form 10-K and subsequent quarterly reports, for a discussion of such risks and uncertainties.

Source: Taubman Centers, Inc.

Ryan Hurren, Taubman, Director, Investor Relations, 248-258-7232, rhurren@taubman.com

Maria Mainville, Taubman, Director Strategic Communications, 248-258-7469, mmainville@taubman.com

Eight new shopping and dining options will debut at The Mall of San Juan before the end of 2015

Eight new stores and restaurants debuting by year end

SAN JUAN, Puerto Rico, 2015-12-3 — /EPR Retail News/ — The Mall of San Juan today announced eight new shopping and dining options will debut before the end of 2015 — seven of which are exclusive to the market. More than 20 additional stores and restaurants are scheduled to open in 2016.

“We’re bringing a taste of New York, Tuscany and Florence to the island with the addition of three new dining experiences,” said Marnie Marquina, marketing and sponsorship director, The Mall of San Juan. “These restaurants are unique to Puerto Rico and join several new stores that will offer distinctive holiday fashions and gifts for the entire family.”

The five new stores and three restaurants expected to open by yearend at The Mall of San Juan include:

*Unique-to-market offerings

Since the center’s grand opening on March 26, 2015, more than 80 stores and restaurants have opened at The Mall of San Juan, with at least half sharing the distinction of being exclusive to San Juan.

For a complete list of stores and restaurants, visit www.themallofsanjuan.com/shopping.

About The Mall of San Juan
The Mall of San Juan is a world-class shopping, dining and entertainment destination featuring many distinct, unique to market retailers, including the first Saks Fifth Avenue and Nordstrom in the Caribbean. The center is open from 10 a.m. to 9 p.m. Monday through Saturday and from
11 a.m. to 7 p.m. on Sunday. It is located at the south end of the Teodoro Moscoso Bridge, five minutes from the Luis Muñoz Marín International Airport. For more information visit www.themallofsanjuan.com.

CONTACT:
Nelly Cruz
Nelly Cruz & Associates
787-691-3210
nellycruzpr@yahoo.com

Taubman: The new International Market Place in Hawaii to welcome 10 exciting restaurants

Shopping center to welcome 10 exciting concepts, including those by world-renowned Chefs Michael Mina andRoy Yamaguchi

BLOOMFIELD HILLS, Mich., 2015-11-18 — /EPR Retail News/ — The new International Market Place, currently under construction in Waikiki, Hawaii, will offer ten exciting restaurants, including unique-to-market concepts from award-winning Chefs Michael Mina and Roy Yamaguchi.

“In addition to Hawaii’s first Saks Fifth Avenue, our exceptionally curated restaurant lineup will be an important anchor for International Market Place,” said William S. Taubman, chief operating officer, Taubman. “Today’s customers expect to shop world-class brands and then have the opportunity for a great meal and unique social experience — we will deliver both on Kalakaua Ave.”

Chef Michael Mina to Open STRIPSTEAK and THE STREET

James Beard Award winner and Michelin-starred Chef Michael Mina will bring to International Market Place his award-winning STRIPSTEAK. Named Esquire Magazine’s “Best Steak in the United States,” the 8,600 sq. ft. restaurant will be located on the center’s magnificent third-floor grand lanai and will offer Chef Mina’s evocative take on the traditional steakhouse, featuring the finest cuts of all-natural meat, freshly-caught fish and seafood, and seasonal local produce. The restaurant will feature a la carte cuts of prime steak and imported Wagyu beef, meticulously prepared, as well as signature specials that go beyond conventional steakhouse fare, bringing inspired cuisine to Kalakaua’s premier district. This will be Chef Mina’s third STRIPSTEAK – Las Vegas and Miamiplay host to the restaurant’s other locations.

On the center’s first level, Chef Mina will introduce for the first time a 12,500 sq. ft., multi-concept gourmet food hall, THE STREET. The new concept will feature diverse food and beverage offerings, from Japanese ramen and classic American barbecue to specialty handcrafted cocktails and highly curated “omiyage” culinary souvenirs. Inspired by a sense of community and the idea of bringing people together through the universal language of great food, THE STREET will showcase its unique offerings, including those from several local Hawaiian purveyors, all under one roof.

“We’re honored to be working with Taubman, and to be a part of this exciting project in Waikiki,” said Chef Mina. “I’ve been traveling to Hawaii for years and have fallen in love with its culture. I’ve been wanting to do a project there for a very long time.”

Eating House 1849 by Chef Roy Yamaguchi

Also coming to the center’s grand lanai is Eating House 1849 by Chef Roy Yamaguchi. Chef Yamaguchi is the first Hawaiian restaurateur to receive the James Beard Award. His 6,700 sq. ft. restaurant will pay homage to Hawaii’s vibrant culinary heritage and restaurateurs like Peter Fernandez who in the mid-1800s opened one of the first restaurants in Hawaii. Also named Eating House, its offering was sourced from local farmers, ranchers, foragers and fishermen. Chef Yamaguchi will continue its legacy by blending the easy ambiance and simple flavors of the local market with the dynamic modernity of haute cuisine.

“There is nothing in Waikiki like Eating House 1849 where Hawaii’s history and plantation past are reflected in the dishes I’ve created,” said Chef Yamaguchi. “International Market Place is the perfect location for this concept which pays homage to Hawaii’s multi-ethnic island culture.”

Flour & Barley

Flour & Barley, managed by Las Vegas-based hospitality group, Block 16 Hospitality, will provide a unique spin on a traditional pizzeria eatery. The restaurant’s creative menu, helmed by Executive Chef Anthony Meidenbauer, takes classic Italian dishes such as pizzas with wood-fired crusts to panini’s, salads and more, and provides a tasty twist to the most vibrant and unique ingredients available. In addition, Flour & Barley will offer one of the greatest hand-crafted cocktail programs around complemented by an extensive beer selection curated by an in-house team and supported by local and regional breweries. Showcasing natural finishes and a design to resemble that of a rustic sports bar, marble bar tops accented with red and white checkered tableware gives an authentic pizzeria feel, highlighted by an open-air kitchen and anchored by a wood-fired pizza oven wrapped in Ferrari-red tile. The 5,000-square-foot restaurant will be located on the grand lanai.

Goma Tei

Priding itself on serving high-quality food that combines traditional-style Asian cooking methods, like using a stone grinding machine to make sesame paste for Tan Tan Ramen, with modern technology, Goma Tei is a popular, fast-casual staple of Honolulu. The 3,000 sq. ft. restaurant will be the first location in Waikiki and will be located on the center’s grand lanai. Goma Tei will serve its delicious homemade broths and Tan Tan Ramen — a Japanese-Chinese hybrid noodle soup with sesame and chili pepper flavoring. Other offerings will include rice dishes, curries, gyoza, chicken cold noodles, chicken tatsutaage, shoyu ramen and tonkatsu. Each dish may be paired with one of its excellent assortment of beers on tap.

Kona Grill

Kona Grill will offer a diverse selection of modern American appetizers and entrees and an extensive selection of award-winning sushi. Menu items will be prepared from scratch and will incorporate more than 40 signature sauces and dressings. The menu will be complemented by a full service bar. Guests will find the 7,300 sq. ft. restaurant on the grand lanai.

To be announced this year, Hakkasan Group will also bring one of its revered restaurant concepts toInternational Market Place. The center’s other remaining restaurants and retail will be announced in 2016.

“The design of the center combined with our collection of brands and culinary experiences will give the newInternational Market Place a distinctive personality,” said Taubman’s Executive Vice President of Leasing David S. Joseph II. “We are cultivating an exceptional experience for residents and tourists to enjoy.”

The reinvented, 360,000 sq. ft. International Market Place will open on August 25, 2016. Developed by Taubman and CoastWood Capital Group in conjunction with Queen Emma Land Company, the center will offer approximately 75 retailers in addition to the restaurant lineup and Saks Fifth Avenue already named. For ease of access, International Market Place will also offer 700 parking spaces and valet parking.

International Market Place recently celebrated a construction milestone. Its 79 ft. fire tower — destined to become a signature Waikiki landmark — was lifted into place marking the final placement of the construction steel. Ground was broken for the center on March 3, 2014.

For more information on International Market Place, visit shopinternationalmarketplace.com.

ABOUT TAUBMAN
Taubman Centers, Inc. (NYSE: TCO) is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 23 regional, super-regional and outlet shopping centers in the U.S. andAsia. Taubman’s U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Taubman is currently developing four properties in the U.S. and Asia totaling 4.1 million square feet. Taubman, with more than 60 years of experience in the shopping center industry, is headquartered in Bloomfield Hills, Mich., and Taubman Asia is headquartered in Hong Kong. taubman.com.

ABOUT COASTWOOD CAPITAL GROUP, LLC
CoastWood Capital Group, LLC is a specialized real estate investment firm based in San Francisco. Founded byCordell Lietz in 2003, the company acquires, manages and develops real estate in the United States with an emphasis on retail and other property types with unique operational characteristics. CoastWood has been actively investing in Hawaii for over a decade and holds interests in several properties throughout Hawaii, including Waikiki Trade Center, Kings’ Shops and Queens’ Marketplace.

ABOUT MINA GROUP
Mina Group is a San Francisco-based restaurant management company specializing in creating and operating upscale, innovative restaurant concepts. Mina Group is led by Chef/Owner Michael Mina whose accolades includeJames Beard Foundation “Who’s Who of Food and Beverage” inductee in 2013, Bon Appétit Chef of the Year,Food Arts Silver Spoon Award Winner, San Francisco Magazine Chef of the Year, and International Food and Beverage Forum’s Restaurateur of the Year. Operating since 2002, Mina Group currently manages 27 concepts including MICHAEL MINA in San Francisco (Esquire Magazine’s Restaurant of the Year 2011); BOURBON STEAK and CLOCK BAR at The Westin St. Francis on Union Square in San Francisco; RN74 at Millennium Tower in San Francisco and RN74 at the Joshua Green Building in Seattle; PABU and THE RAMEN BAR at 101 California in San Francisco; BOURBON STEAK, BOURBON PUB and Michael Mina’s Tailgate at Levi’s Stadium in Santa Clara; STRIPSTEAK at Mandalay Bay in Las Vegas; MICHAEL MINA Bellagio at Bellagio in Las Vegas; BARDOT BRASSERIE at Aria Resort & Casino in Las Vegas; MICHAEL MINA 74 and STRIPSTEAK at Fontainebleau Miami Beach; Locale Market and FarmTable Kitchen at Sundial St. Petersburg in Florida; and THE HANDLE BAR in Jackson Hole. For a complete list of restaurants please visit http://michaelmina.net.

Follow Michael Mina on Facebook at Michael Mina, twitter @ChefMichaelMina and Instagram at ChefMichaelMina.

For ease of use, references in this press release to “Taubman Centers,” “company,” “Taubman” or an operating platform mean Taubman Centers, Inc. and/or one or more of a number of separate, affiliated entities. Business is actually conducted by an affiliated entity rather than Taubman Centers, Inc. itself or the named operating platform.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect management’s current views with respect to future events and financial performance. The forward-looking statements included in this release are made as of the date hereof. Except as required by law, we assume no obligation to update these forward-looking statements, even if new information becomes available in the future. Actual results may differ materially from those expected because of various risks and uncertainties.You should review the company’s filings with the Securities and Exchange Commission, including “Risk Factors” in its most recent Annual Report on Form 10-K and subsequent quarterly reports, for a discussion of such risks and uncertainties.

Source: Taubman Centers, Inc.

Maria Mainville, Taubman, Director, Strategic Communications, 248-258-7469, mmainville@taubman.com

10 Taubman shopping centers across US host special family-friendly holiday experience to celebrate ‘The Peanuts Movie’

Exclusive, interactive Ice Palaces capture the magic of ‘The Peanuts Movie’ in theaters Nov. 6

BLOOMFIELD HILLS, Mich., 2015-10-30 — /EPR Retail News/ —  To celebrate the launch of The Peanuts Movie, in theaters everywhere on Friday, November 6, a special family-friendly holiday experience is being offered exclusively at 10 Taubman shopping centers across the U.S. from November 6 through December 24.

Developed in partnership with 20th Century Fox, the iconic Peanuts characters will take center stage within unique, interactive Ice Palaces at each participating mall. The indoor holiday displays will feature a 30-foot dome complete with falling snow, a light show and other activities for the entire family.

“These lovable characters are synonymous with the holidays and what better way to bring them to life than through this memorable experience,” said Glenda Cole, vice president, marketing and sponsorship for Taubman. “Every year our Ice Palaces provide so much joy to families across the country and we’re certain the entire Peanuts gang will bring smiles and laughter to all who visit this season.”

“Taubman has created amazing holiday experiences for families and kids, so it was only natural to have the gang from The Peanuts Movie take part to share in the joy of the season,” said Zachary Eller, Senior Vice President, Marketing Partnerships, 20th Century Fox. “The immersive Ice Palace program will allow Peanuts fans of all ages to interact in a whole new way with these beloved characters.”

In addition, kids can watch special scenes from the new movie, create and compare their icy handprint alongside Snoopy and Woodstock, have their photo taken with a life-size graphic of Snoopy and his dog house and much more.

Shopping centers will also offer the opportunity for families to visit with Santa Claus as part of the Ice Palace experience. Those who visit Santa will receive a complimentary gift.

From coast to coast this holiday season, 10 Taubman shopping centers will feature the exclusive Peanuts Ice Palaces, including:

 

ABOUT THE PEANUTS MOVIE
In THE PEANUTS MOVIE, Charlie Brown, Snoopy, Lucy, Linus and the rest of the beloved “Peanuts” Gang make their big-screen debut, like they’ve never been seen before, in state of the art 3D animation. Charlie Brown, the world’s most beloved underdog, embarks upon an epic and heroic quest, while his best pal, the lovable beagle Snoopy, takes to the skies to pursue his arch-nemesis, the Red Baron. From the imagination of Charles M. Schulz and the creators of the ICE AGE films, THE PEANUTS MOVIE will prove that every underdog has his day. The film opens in theaters everywhere November 6, 2015. www.peanutsmovie.com

ABOUT 20th CENTURY FOX 
One of the world’s largest producers and distributors of motion pictures, 20th Century Fox produces, acquires and distributes motion pictures throughout the world. These motion pictures are produced or acquired by the following units of 20th Century Fox Film: Twentieth Century Fox, Fox 2000 Pictures, Fox Searchlight Pictures, Fox International Productions, and Twentieth Century Fox Animation.

ABOUT TAUBMAN
Taubman Centers, Inc. (NYSE: TCO) is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 23 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubman’s U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Taubman is currently developing four properties in the U.S. and Asia totaling 4.1 million square feet. Taubman, with more than 60 years of experience in the shopping center industry, is headquartered in Bloomfield Hills, Mich., and Taubman Asia is headquartered in Hong Kong. www.taubman.com

CONTACT:
Amy Grundman
Taubman Strategic Communications|
248-258-7681agrundman@taubman.com

Taubman: The Mall at University Town Center in Sarasota Named “Best Retail Development, Florida”

Center honored as it celebrates its one-year anniversary

BLOOMFIELD HILLS, Mich., 2015-10-8 — /EPR Retail News/ —  The Mall at University Town Center (UTC) has two milestones to celebrate this month – its one year anniversary on October 16, and receiving recognition as the “Best Retail Development, Florida” by the International Property Awards.

With this win UTC, owned and managed by Taubman in partnership with Benderson Development Inc., is now in the running for the IPA’s “Best Retail Development, Americas” and “Best Retail Development, World” honors that will be announced on October 23.

“We received numerous submissions for outstanding developments,” said Stuart Shield, president of the UK-based International Property Awards. “These impressive projects are not only attractive to the eye, they are highly functional, eco-friendly and feature state-of-the-art technology.”

Ron Loch, AIA, vice president, planning and design for Taubman, led the design vision for the project, one of the company’s crown jewels.

“We are very proud to receive such prominent recognition for The Mall at University Town Center,” said Loch. “We were passionate about creating a center where modern architecture, natural-light filled spaces and sustainable design would set a warm and inviting stage for our customers to experience world-class shopping and dining.”

Judging for the International Property Awards was conducted by a panel of more than 70 experts from all over the world, and was chaired by two members of the House of Lords: Lord Caithness and Lord Best.

About The Mall at University Town Center
Located at I-75 and University Parkway, this world-class fashion and dining destination features approximately 860,000 square feet of retail space with Saks Fifth Avenue, Macy’s, Dillard’s and more than 100 specialty stores and restaurants. Showcasing many distinctive retailers not found anywhere else in the local market, the center offers visitors a diverse mix of upscale, fashion and lifestyle retailers, popular favorites, sit-down restaurants and a children’s play area. For a complete list of retailers, information and updates, visit www.mallatutc.com. Like us onFacebook: www.facebook.com/MallatUTC.

About Taubman
Taubman Centers, Inc. (NYSE: TCO) is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 22 regional, super-regional and outlet shopping centers in the U.S. andAsia. Taubman’s U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Taubman is currently developing four properties in the U.S. and Asia totaling 4.1 million square feet. Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered inHong Kong. www.taubman.com.

For ease of use, references in this press release to “Taubman Centers,” “company,” “Taubman” or an operating platform mean Taubman Centers, Inc. and/or one or more of a number of separate, affiliated entities. Business is actually conducted by an affiliated entity rather than Taubman Centers, Inc. itself or the named operating platform.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect management’s current views with respect to future events and financial performance. The forward-looking statements included in this release are made as of the date hereof. Except as required by law, we assume no obligation to update these forward-looking statements, even if new information becomes available in the future. Actual results may differ materially from those expected because of various risks and uncertainties.You should review the company’s filings with the Securities and Exchange Commission, including “Risk Factors” in its most recent Annual Report on Form 10-K and subsequent quarterly reports, for a discussion of such risks and uncertainties.

Source: Taubman Centers, Inc.

Maria Mainville, Taubman, Director, Strategic Communications, 248-258-7469, mmainville@taubman.com

or

Ryan Hurren, Taubman, Director, Investor Relations, 248-258-7232, rhurren@taubman.com

Taubman shopping centers to showcase special family-friendly experience in celebration for the upcoming release of ‘The Peanuts Movie’

Exclusive Halloween-themed TV lounge celebrates the upcoming release of ‘The Peanuts Movie’ debuting in theaters nationwide on November 6

BLOOMFIELD HILLS, Mich., 2015-10-6 — /EPR Retail News/ — In celebration of the upcoming release of ‘The Peanuts Movie,’ a special family-friendly experience and first-hand look at the 3D movie is being offered exclusively at six Taubman shopping centers throughout the month of October. The movie will be in theaters nationwide on November 6.

The Peanuts TV Lounges will showcase The Peanuts Movie trailer and a 3D dog house, decorated just in time for Halloween by the lovable beagle Snoopy. Guests will also have an opportunity to choose which Peanuts character is their favorite by visiting each center’s Facebook page for a chance to win tickets to the movie and a $100 American Express gift card.

“Many of us grew up alongside these loveable characters, so we’re excited to provide this sneak peak of the new movie for individuals and families,” said Glenda Cole, vice president, marketing and sponsorship for Taubman. “The lounge will definitely bring laughter and smiles as the adventures of the Peanuts gang are brought to life.”

The Peanuts exhibit, developed in partnership with 20th Century Fox, will be featured at the following Taubman Shopping Centers:

Beverly Center
Dolphin Mall
Fair Oaks Mall
Great Lakes Crossing Outlets
International Plaza
Twelve Oaks Mall

Visit the Facebook pages for the six participating Taubman shopping centers for more information and official contest rules.

ABOUT THE PEANUTS MOVIE
In THE PEANUTS MOVIE, Charlie Brown, Snoopy, Lucy, Linus and the rest of the beloved “Peanuts” gang make their big-screen debut, like they’ve never been seen before, in state of the art 3D animation. Charlie Brown, the world’s most beloved underdog, embarks upon an epic and heroic quest, while his best pal, the lovable beagle Snoopy, takes to the skies to pursue his arch-nemesis, the Red Baron. From the imagination of Charles M. Schulz and the creators of the ICE AGE films, THE PEANUTS MOVIE will prove that every underdog has his day. The film opens in theaters everywhere November 6, 2015.

ABOUT 20th CENTURY FOX
One of the world’s largest producers and distributors of motion pictures, 20th Century Fox produces, acquires and distributes motion pictures throughout the world. These motion pictures are produced or acquired by the following units of 20th Century Fox Film: Twentieth Century Fox, Fox 2000 Pictures, Fox Searchlight Pictures, Fox International Productions, and Twentieth Century Fox Animation.

ABOUT TAUBMAN
Taubman Centers, Inc. (NYSE: TCO) is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 22 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubman’s U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Taubman is currently developing four properties in the U.S. and Asia totaling 4.1 million square feet. Taubman, with more than 60 years of experience in the shopping center industry, is headquartered in Bloomfield Hills, Mich., and Taubman Asia is headquartered in Hong Kong. www.taubman.com

CONTACT:
Amy Grundman
Taubman Strategic Communications
248-258-7681
agrundman@taubman.com

Taubman: The Mall of San Juan adds 18 new stores

More than 10 additional stores and restaurants slated to open by year’s end

SAN JUAN, Puerto Rico, 2015-9-21 — /EPR Retail News/ — The Mall of San Juan today announced 18 new stores, including Puerto Rico’s only Williams-Sonoma and Pottery Barn, along with luxury brands Bulgari and Gustavo Arango and the 100th Oil & Vinegar store will join its shopping and dining lineup this month — the majority of which are exclusive to the market.

“Our lineup of premium retailers and restaurants will become even more distinctive this month,” said Marnie Marquina, marketing and sponsorship director, The Mall of San Juan. “From talented Puerto Rican designers to stores exclusive to the island, we’re excited to offer our customers a truly unique shopping and dining experience.”

The 18 new stores expected to open in September at The Mall of San Juan include:

  • *Agent Provocateur
  • Ann Taylor
  • Bienteveo en el Mar
  • *Big Time
  • Brooks Brothers
  • *Bulgari
  • *Fit2Run, The Runner’s Superstore
  • GUESS
  • *Gustavo Arango
  • Joaquin Blanco
  • *Kiko Milano
  • LOFT
  • *Lucky Brand
  • *lululemon athletica
  • Nouvelle D’Spa Boutique
  • *Oil & Vinegar
  • *Pottery Barn
  • *Williams-Sonoma

*Unique-to-market offerings

This summer, the mall also welcomed Burger & Beer Joint, Carmen Steffens, Hollister, Melissa Shoes, Swarovski, Tommy Bahama and Zara.

Since the center’s grand opening earlier this year on March 26, more than 45 stores have opened at The Mall of San Juan. More than 10 additional stores and restaurants are scheduled to debut by end of year, with at least half sharing the distinction of being exclusive to San Juan.

For a complete list of stores and restaurants, visit www.themallofsanjuan.com/shopping.

About The Mall of San Juan
The Mall of San Juan is a world-class shopping, dining and entertainment destination featuring many distinct, unique to market retailers, including the first Saks Fifth Avenue and Nordstrom in the Caribbean. The center is open from 9 a.m. to 9 p.m. Monday through Saturday and from 11 a.m. to 7 p.m. on Sunday. It is located at the south end of the Teodoro Moscoso Bridge, five minutes from the Luis Muñoz Marín International Airport. For more information visit www.themallofsanjuan.com.

# # #

CONTACT:
Nelly Cruz
Nelly Cruz & Associates
787-691-3210
nellycruzpr@yahoo.com

Lisa A. Payne to transition Taubman’s CFO role to Simon J. Leopold, Treasurer and Executive VP Capital Markets

Payne will retain her role as vice chairman of the Board until leaving the company in March 2016

BLOOMFIELD HILLS, Mich., 2015-9-16 — /EPR Retail News/ — Taubman Centers, Inc. (NYSE: TCO) today announced that Lisa A. Payne will transition the company’s chief financial officer role to Treasurer and Executive Vice President, Capital Markets, Simon J. Leopold, effective January 1, 2016. Payne will retain her role as vice chairman of the Board until leaving the company in March 2016.

“Lisa has been a powerful contributor to Taubman’s growth strategy and financial strength, as well as a highly respected and admired people leader,” said Chairman, President and Chief Executive Officer Robert S. Taubman. “We are grateful for her years of service and loyalty, and for her acumen that has helped to propel our business forward for nearly two decades.”

Payne joined Taubman in 1997 from her position as vice president of Goldman Sachs’ Investment Banking Division. During her impressive tenure as CFO, the total return of Taubman Centers, Inc., shares has been 1,254 percent or 15 percent per annum. Her focus on balance sheet strength enabled the company to successfully weather the Great Recession while retaining its cash dividend. The company had sufficient resources to avoid issuing equity at an inopportune time, driving shareholder value creation.

In recent years, she has led the company’s cross-functional innovation team, ensuring that Taubman remains a leader in its operations for years to come. She will continue this work through her departure in 2016.

“I have a tremendous amount of admiration for Taubman’s strong leadership team and its future plans,” said Payne. “The company will have a wonderfully talented CFO in Simon Leopold and I will watch with great pride its continued success.”

Leopold joined Taubman in 2012 and has since been responsible for Taubman’s capital markets and financing activities, corporate tax and treasury, and real estate acquisitions and dispositions.

Last year, he was the architect of the sale of seven of Taubman’s shopping centers to Starwood Capital Group. This $1.4 billion transaction further positioned Taubman with the highest quality assets in the publicly-traded U.S. mall industry – now with 12-month trailing mall tenant sales per square foot of $818 as of June 30, 2015.

“When we welcomed Simon to the company a few years ago, it was to ensure a strong succession plan for the CFO role,” said Taubman. “Through the Starwood transaction and numerous other business matters, Simon has proven to be a prudent, yet progressive leader. This is a well-earned promotion and we look forward to his continued contributions.”

Prior to joining Taubman, Leopold spent 13 years as a managing director in the real estate investment banking groups at Deutsche Bank, KBW and UBS. He has also worked in a variety of urban planning and economic development positions in New York City, including in the Office of the Mayor, the Department of City Planning and the Economic Development Corporation. Leopold holds an undergraduate degree from the University of Michiganand an MBA from the Yale School of Management.

About Taubman
Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 22 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubman’s U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Taubman is currently developing four properties in the U.S. and Asia totaling 4.1 million square feet. Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong. www.taubman.com.

For ease of use, references in this press release to “Taubman Centers,” “company,” “Taubman” or an operating platform mean Taubman Centers, Inc. and/or one or more of a number of separate, affiliated entities. Business is actually conducted by an affiliated entity rather than Taubman Centers, Inc. itself or the named operating platform.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect management’s current views with respect to future events and financial performance. The forward-looking statements included in this release are made as of the date hereof. Except as required by law, we assume no obligation to update these forward-looking statements, even if new information becomes available in the future. Actual results may differ materially from those expected because of various risks and uncertainties.You should review the company’s filings with the Securities and Exchange Commission, including “Risk Factors” in its most recent Annual Report on Form 10-K and subsequent quarterly reports, for a discussion of such risks and uncertainties.

Maria Mainville, Taubman, Director, Strategic Communications, 248-258-7469, mmainville@taubman.com

or

Ryan Hurren, Taubman, Director, Investor Relations, 248-258-7232, rhurren@taubman.com

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Lisa A. Payne, Taubman, Vice Chairman, Chief Financial Officer (Photo: Business Wire)

Lisa A. Payne, Taubman, Vice Chairman, Chief Financial Officer (Photo: Business Wire)

Taubman partners with Life Remodeled to help beautify areas at Detroit’s northeast side; donated $50,000 to pay for new technology and equipment for the Osborn High School library

Employee volunteers to beautify Osborn neighborhood and $50K donation will fund the new technology and equipment for Osborn High School’s iLab

BLOOMFIELD HILLS, Mich., 2015-8-6— /EPR Retail News/ — Detroit’s Osborn neighborhood today received a helping hand from Taubman employees as part of the company’s second annual Volunteer Day. Taubman again joined forces with Life Remodeled to help remove blight and beautify areas near Osborn High School on Detroit’s northeast side. Taubman also donated $50,000 to pay for new information technology and audio visual equipment for the Osborn High School library, including computers, tablets, 3D printers, webcams and supplies.

Life Remodeled is a Detroit-based nonprofit focused on rehabilitating Detroit schools and neighborhoods. This year’s $5 million annual project began Monday and continues through Saturday, August 8, with a community celebration on Sunday. The focus is on Osborn High, Pulaski Elementary-Middle School and 4.5 square miles of the Osborn community.

“Taubman employees are incredibly passionate about helping the Osborn High School students and neighboring community,” said Chief Operating Officer William S. Taubman. “Every act of kindness counts, and our work to create safe passageways for students to go to school, and our donation to provide modern technology and equipment for learning, underscores our dedication to giving back.”

Nearly 200 employees from Taubman’s corporate headquarters, Twelve Oaks Mall and Great Lakes Crossing Outlets worked alongside Detroit residents and volunteers from General Motors, Quicken Loans, Cunningham Limp Construction, BASF and others.

“The generosity of Taubman’s gift to create better learning opportunities for Osborn High students is the kind of thing that will sustain the hope and gains that Osborn has made in raising graduation rates over the recent years,” said Life Remodeled CEO Chris Lambert. “Sustainability of a neighborhood comes in part from a quality educational experience for the children who live there.”

In 2014, more than 10,000 volunteers from Taubman and other businesses, schools and community organizations completed major renovation projects at Cody High School and beautified 303 surrounding blocks in Cody Rouge in northwest Detroit. Cash donations and in-kind contributions led to major roof repairs, a new $1.2 million synthetic football field, a state-of-the-art medical simulation lab and other projects.

ABOUT LIFE REMODELED
Life Remodeled is a Detroit non-profit with a mission of remodel lives one Detroit neighborhood at a time. Founded in 2011, Life Remodeled has overseen volunteer makeover projects in several Detroit neighborhoods. In 2014, the organization partnered with the Detroit Public Schools to focus on a high school and neighborhood with significant need and radical hope, applying millions of dollars in cash and in-kind donations to the target school and neighborhood each summer.

ABOUT TAUBMAN
Taubman Centers, Inc. (NYSE: TCO) is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 22 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubman’s U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Taubman is currently developing four properties in the U.S. and Asia totaling 4.1 million square feet. Taubman, with more than 60 years of experience in the shopping center industry, is headquartered in Bloomfield Hills, Mich., and Taubman Asia is headquartered in Hong Kong. www.taubman.com.

CONTACTS:
Maria Mainville
Director, Taubman Strategic Communications
248-258-7469
mmainville@taubman.com

Amy Grundman
Taubman Strategic Communications
248-258-7681
agrundman@taubman.com

Alan Adler
Life Remodeled
313-319-8486
alan@liferemodeled.com