By  on October 17, 2012

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.

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