Valentino asserts that the value of its Fifth Avenue location has been permanently compromised. Image credit: Valentino
Valentino’s lawsuit to cancel its Fifth Avenue store lease has consequences for luxury retail in New York
Posted By a Luxury Daily columnist On In Apparel and accessories,Featured,Industry sectors,Legal and privacy,Retail | No 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","iv":"01134d94bd3cb30afa8fabe8625dec17","s":"62c723f4da05c5d3"}