Valentino filed a lawsuit against its landlord on Sunday seeking to terminate a 15-year lease on its Fifth Avenue store.
"Even in a post-pandemic New York City...the social and economic landscapes have been radically altered in a way that has drastically, if not irreparably, hindered Valentino's ability to conduct high-end retail business at the Premises," it said.
"All such uses by Tenant to be consistent with the luxury, prestigious, high-quality reputation of the immediate Fifth Avenue neighborhood in general, and for no other use or purposes," the lease said. "In the current social and economic climate, filled with COVID-19-related restrictions, social-distancing measures, a lack of consumer confidence, and a prevailing fear of patronizing, in person, "non-essential" luxury retail boutiques, Valentino's business at the Premises has been substantially hindered, rendered impractical, unfeasible and no longer workable," it said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
😂😂😂
Byyyyeeeeee! Fashion industry is a waste of natural resources and psychological battle with the youth.
Deblasio has crippled the city
I am an gambler, I want to leave, I need help
It starts as a droplet, forming a trickle. And before you know it, it's a raging torrent.
Wow
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stores hiring workers to clean, take temperatures amid pandemic change - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. that is like NOT living in Hong Kong :)
Source: BusinessInsider - 🏆 729. / 51 Read more »
Pandemic makes it clear: time to address mental health in America, US - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. PJK4brainhealth kennedyforum Yes, please give it to those who cluster in huge groups & somehow believe they aren’t spreading disease! PJK4brainhealth kennedyforum Patrick I hope you enjoyed Father's Day. Ted was always kind to us. If the Senate passed the HEROES act many people would have less stress. PJK4brainhealth kennedyforum Panic, anxiety & depression could be reduced if people felt secure about being able to meet their basic human needs during the crisis.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Traffic has rebounded to about 90% of pre-pandemic levels, report says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. newYork and newJersey are back to being a shitshow on the roads i'm absolutely shocked that more cars on the road would result in more traffic. literally gobsmacked.
Source: BusinessInsider - 🏆 729. / 51 Read more »
How to find flow while working from home during the pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. melissapetro
Source: BusinessInsider - 🏆 729. / 51 Read more »