Monday, 22 June 2020

Valentino sues to quit Fifth Ave — maybe forever

Even for Valentino, the rent on Fifth Avenue is too damn high. The luxury high-fashion boutique is suing its landlord to terminate the lease on its four-story store in a coveted section of the retail corridor, the Wall Street Journal reported. The pandemic has been a disaster for Valentino SpA, but tellingly, its lawsuit argues that Fifth Avenue would not make sense for its business even after the pandemic. Valentino started its lease in August



source https://therealdeal.com/2020/06/22/valentino-sues-to-quit-fifth-ave-maybe-forever/

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