Taubman Prestige Outlets Chesterfield Opened Today In St. Louis

CHESTERFIELD, Mo., Aug. 2, 2013 /PRNewswire/ -- Taubman Centers, Inc. (NYSE: TCO) today announced the opening of Taubman Prestige Outlets, a new fashion outlet center, located in the western-St. Louis suburb of Chesterfield. The opening coincides with Missouri's Tax Free Weekend and heralds a new era in lifestyle shopping for the region.  Thousands lined up to receive a free $25 gift card which was given to the first 1,000 shoppers.  

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"We are pleased to open our first Taubman Prestige Outlet in the great state of Missouri," said Taubman Chairman, President and CEO, Robert Taubman. "And opening on tax free weekend is a great advantage for our retailers, providing them the ability to be open during the second-busiest shopping season of the year, and giving our shoppers even more savings," he said.

To commemorate the grand opening, Taubman presented $10,000 donations to the Humane Society of Missouri and Cardinal Glennon Children's Foundation.  In addition, $25,000 was presented to the City of Chesterfield to commemorate its 25^th Anniversary.

Taubman Prestige Outlets' roster of stores brings shoppers a variety of fashion forward outlet retailers, new-to-the-market stores, and shopping favorites.  "Furla, Love Culture, Brooks Brothers, Ralph Lauren Polo and Restoration Hardware are just a few of the stores that make this a must-visit shopping destination," said Colleen O'Neill, general manager of Taubman Prestige Outlets. 

The unique open-air shopping center offers an appealing village style layout, dog-friendly hospitality, access to the Monarch Levee Trail, bike racks, and St. Louis themed children's rides.  The inviting design and location of this Chesterfield outlet mall makes it the perfect destination for local Chesterfield shoppers and visitors to the St. Louis area.

About Taubman Prestige Outlets

Taubman Prestige Outlets, conveniently located in the heart of Chesterfield, off Highway I-64/Highway at the Boone's Crossing exit, features a diverse line-up of stores in an inviting open-air village style layout.  A complete list of store promotions and grand opening activities can be found on the shopping center website at www.TaubmanPrestigeOutlets.com.

About Taubman Centers

Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 28 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 The Mall at University Town Center in Sarasota, Fla.; The Mall of San Juan in San Juan, Puerto Rico; and shopping malls in Xi'an and Zhengzhou, China and Hanam, South Korea.  Taubman Centers is headquartered in Bloomfield Hills, Mich. and Taubman Asia, the platform for Taubman Centers' expansion into China and South Korea, is headquartered in Hong Kong.  Founded in 1950, Taubman has more than 60 years of experience in the shopping center industry.  For more information about Taubman, visit 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.