Superdry, a clothing store in Disney Springs, is currently in a lawsuit with Disney over their lease. Superdry is a United Kingdom-based brand that caters mostly to international tourists. Disney apparently tried to terminate the store’s lease early.
Related – American Kitchen in Disney Springs Partners with City Oyster Brewing for National Beer Day
Back in October of last year Disney gave notice that it was terminating the store’s lease early as sales had struggled without the return of international travelers. “A representative of Landlord will be in contact with you to discuss the orderly winding down of operations and vacating the Premises,” Disney said in an Oct. 28 letter.
Since it opened, Superdry generated between $3.05 million and $3.50 million annually. Due to the pandemic the store, just like others, lost a significant amount of money. Even though it has reopened, it still isn’t generating much.
Related – New Boozy Easter Bunny Treat Now Available at Disney Springs
According to court documents, the lease gave both Superdry and Disney the option of terminating the lease early after five years if the store’s gross receipts fell below $4.2 million. From June 2020 to July 2021 the store grossed $1.75 million. Disney is using that as the reason for terminating the lease early but Superdry says the lease has a force majeure provision which should protect the store from a disaster such as the COVID-19 pandemic.
Stay tuned for more information on this lawsuit.
Let our friends at Destinations to Travel help you book your next Disney Vacation. They are the preferred Travel Agency of Chip and Company and Disney Addicts, and who we use ourselves.
Get started below for your FREE No Obligation Quote.
Book With our friends at Destinations to Travel
For the BEST in Disney, Universal, Dollywood, and SeaWorld Theme Park News, Entertainment, Merchandise & More follow us on, Facebook, Instagram, and Youtube. Don't forget to check out the Chip and Company Radio Network too!
