LVMH – आवारा मुसाफिर

Tiffany, now owned by LVMH, reopens on a Fifth Avenue in flux

April 26, 2023879 Views

The splashy reopening of Tiffany & Co’s flagship store on the corner of Fifth Avenue and East 57th Street is a renovation representing the billions of capital investment in one of New York City’s most iconic shopping districts. Real estate experts say the flow of cash is part of a bid to re-imagine an area of Midtown that extends from 49th Street to the Plaza Hotel and includes Fifth and Madison Avenues. The district has long been anchored by luxury stores including Tiffany, Saks Fifth Avenue and Bergdorf Goodman. With the return of tourism to New York after pandemic-related declines, luxury retailers are again betting on refreshed flagships to drive consumer interest and traffic. Interior view of the new Tiffany & Co. store, the Landmark, located in New York, U.S., in th...

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Historic Paris store reopens after seven-year makeover

AWARA MUSAFIR BUREAU

June 21, 20211313 Views

LVMH unveils 150 year old La Samaritaine revamp, albeit without tourists Luxury goods group LVMH unveiled on Monday the revamped La Samaritaine, a 150-year-old department store designed to help it grab a greater slice of tourist spending once pandemic travel curbs are eased. After a seven-year makeover, the historic store will reopen to the public on June 23 and rival the likes of Galeries Lafayette, housing a hotel, restaurants and shops. Its reopening, originally scheduled for last year, was delayed by the coronavirus emergency. A view inside the revamped Samaritaine department store ahead of its reopening in Paris, France, June 21, 2021. REUTERS/Gonzalo Fuentes With contagion rates falling in most of Europe, France began to lift restrictions in mid-May but foreign traveller...