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 shopping experience, featuring LED screens displaying diamond birds over Central Park. The store also features ten floors for silver, gold, and "masterpieces", and an appointment-only level on the roof. Additionally, LVMH has made large purchases of retail properties in London and Paris, with Prada and Kering both recently acquiring spaces on Fifth Avenue as well. These deals are being completed at breakneck speeds and for record prices, with some deals taking only a few weeks from handshake to completion. The Kering deal is the largest high-street retail property purchase in American history.

Read this story from "The Economist" for free without being tracked.

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

#TiffanyandCo #LVMH #Prada #Kering