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Manhattan Corporation Limited (32U.F)

Frankfurt - Frankfurt Delayed price. Currency in EUR
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0.00050.0000 (0.00%)
As of 08:17AM CEST. Market open.
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  • Reuters

    Valentino settles litigation over pandemic-shuttered Manhattan boutique

    Valentino SpA said on Monday it has settled litigation with the landlord of its former American flagship on Manhattan's Fifth Avenue, which the Italian fashion company abandoned because of the COVID-19 pandemic. In a statement, Valentino said its amicable settlement with the landlord 693 Fifth Owner LLC calls for the 16-year lease, for space located two blocks south of Trump Tower, to be terminated. Valentino had sought in June 2020 to end the lease nine years early, saying the pandemic made it impossible to run the store "consistent with the luxury, prestigious, high-quality reputation" of its neighborhood.