Joseph Sitt has added another trophy to his real estate portfolio.
Sources close to the company confirmed that Sitt, chief executive officer of Thor Equities, purchased for an estimated 260 million euros, or $344 million, 65-67 Avenue des Champs-Elysées, a key property in the heart of the bustling Parisian shopping district. The retail space is occupied by Nike and Tommy Hilfiger. The length of the retailers’ leases could not be learned.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)