FuckBigNewsMedia on Nostr: Tiffany's has undergone a $500 million renovation and now offers a more modern ...

Tiffany's has undergone a $500 million renovation and now offers a more modern experience, including LED screens showing a diamond bird flying over Central Park. The store also features a three-storey extension with views over Fifth Avenue, and LVMH owns several retail properties in New York's Fifth Avenue, including Prada's current space and the one next door, which it purchased for $835 million. Kering, owner of Gucci, also bought a nearby retail space for a record-breaking $963 million, while LVMH is rumoured to be eyeing up another space on Fifth Avenue. These deals are being sorted at breakneck speeds and for record prices.

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https://read.distractionfree.site/economist/finance-and-economics/2024/02/22/gucci-prada-and-tiffanys-bet-big-on-property

#diamondbird #modernexperience #LEDscreens #FifthAvenueNYC #recordbreakingdeals