By  on September 5, 2007

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.

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