×
142
Fashion Jobs
BIMBA Y LOLA
Sales Assistant
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant
Permanent · LONDON
PINK PANTY
Web Manager
Permanent · LONDON
TK MAXX
District Loss Prevention Manager
Permanent · Warsaw
SHISEIDO
Bareminerals Account Manager - Hoopers, Wilmslow (Maternity Cover) (37.5)
Permanent · Manchester
SHISEIDO
Bareminerals Account Manager - Debenhams, Dundee (37.5)
Permanent · Dundee
SHISEIDO
Bareminerals Account Manager - Debenhams, Winchester (Maternity Cover)
Permanent · Hampshire
KIMAI
Marketing Manager
Permanent · LONDON
MICHAEL KORS (UK) LIMITED
Ecommerce Operations Manager, Emea
Permanent · London
SHISEIDO
Account Manager - Debenhams
Permanent · BURY SAINT EDMUNDS
SHISEIDO
Bareminerals Account Manager - Debenhams, Ipswich (37.5)
Permanent · Ipswich
SHISEIDO
Shisiedo Group Fragrance Account Manager - John Lewis, Brent Cross (22.5)
Permanent · London
MARROUGE
E-Commerce And Marketing Internship
Internship · LONDON
MAJE
Sales Assistant, Full Time - Canary Wharf, London
Fixed-term · LONDRES
NIKE
Nike Temporary Part Time Athlete (Sales Associate)
Fixed-term · Loanhead
NIKE
Nike Part Time Athlete (Sales Associate)
Permanent · Tillicoultry
THE POSITIVE COMPANY
Journalism And Content Internship
Internship · LONDON
LONE DESIGN CLUB
Creative Store/Set Design, Visual Merchandising Internship
Internship · LONDON
MONCLER
Store Manager London
Permanent · LONDRES
NIKE
Nike Temporary Part Time Athlete (Sales Associate)
Fixed-term · Banbridge
NIKE
Nike Coach (Department Manager)
Permanent · Banbridge
KHLOÉNOVA
Virtual Marketing Rep
Internship · LONDON

Valentino sues to close Fifth Avenue boutique in Manhattan, blames pandemic

By
Reuters
Published
Jun 22, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Italian fashion company Valentino SpA has sued the landlord of its American flagship store on Manhattan’s Fifth Avenue, seeking to void its lease because the coronavirus pandemic has made keeping the store open impossible.


Valentino - Fall-Winter 2020 - Womenswear - Paris - © PixelFormula



In a complaint filed on Sunday, Valentino said the store, located two blocks south of Trump Tower, can no longer operate “consistent with the luxury, prestigious, high-quality reputation” of its neighborhood, as the lease contemplated.

Valentino told its landlord Savitt Partners it planned by year end to quit its lease, which began in 2013 and expires in 2029, but said the landlord wrote on Friday that it would not accept a surrender.

Savitt’s lawyer did not immediately respond to requests for comment. A spokeswoman and a lawyer for Valentino declined to comment.

The lawsuit in a New York state court in Manhattan is one of several between retailers such as Gap, H&M, Victoria’s Secret and the National Basketball Association and their Manhattan landlords after the pandemic forced store closures.

Valentino’s store is at the midpoint of a half-mile (0.8 km) stretch of Fifth Avenue from Rockefeller Center to the corner of Central Park containing many luxury retailers, with high rents.

Much of that stretch became dormant in mid-March, when New York officials closed “nonessential” businesses to curb the spread of the coronavirus.

Some restrictions were lifted on Monday, and some in-store shopping is now allowed.

But Valentino said shoppers have grown fearful of “in person, ‘non-essential’ luxury retail boutiques,” and that “even in a post-pandemic New York City (should such a day arrive)” the Fifth Avenue location was irreparably damaged.

Keeping the store open is “impractical, unfeasible and no longer workable,” it said.

On June 8, Victoria’s Secret, part of L Brands Inc, filed a similar case to void the $938,000-a-month lease for its flagship store in Manhattan’s Herald Square.

© Thomson Reuters 2020 All rights reserved.