NEW YORK — Swiss luxury group Compagnie Financière Richemont has purchased a retail condominium at the St. Regis Hotel. The stores face Fifth Avenue, but the address is 2 East 55th Street.
Richemont reportedly paid around $375 million for the 24,800-square-foot prime retail property. Executives of Richemont could not be reached, but brokers with knowledge of the deal said it’s been signed.
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)