TOKYO — Tiffany & Co. is selling its building and land in Ginza, part of which houses Tiffany's Ginza flagship, to the investment firm of Goldman Sachs for 37 billion yen, or $319 million at current exchange, sources said. The flagship will continue to operate under a lease agreement to be signed with the new owner.
A spokeswoman for Tiffany here declined to comment on the report. A spokesman for Goldman Sachs here also declined comment.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"