Gucci extends Trump Tower lease, other businesses pull away: NYT

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Gucci has reportedly extended its lease in the Trump Tower. Other companies, including Tiffany's, have pulled away from the former president.

That's according to a report in thedetailing a deal from 2020 in which Gucci, the Trump Tower's biggest commercial tenant, renegotiated and extended its lease in the building at 721-725 Fifth Avenue. The paper cited two people with knowledge of the deal.

The 20-year lease the company took in 2006 was due to expire in 2026. Gucci got a reduction in rent after agreeing to expand its lease beyond this date, the sources said. Gucci declined to comment to the Times, and The Trump Organization did not respond to the paper's request for comment. Gucci had asked the Trump Organization to sign confidentiality agreements regarding the terms of the lease, one person who had seen the lease told the publication.

 

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The company that bought you this extends their Trump Tower lease anyone surprised.

As a business do you want to be associated with an insurrection president? Probably not.

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