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Valentino Ends Manhattan Store Dispute

Valentino Ends Manhattan Store Dispute

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Forced to close with the pandemic in 2020, the Valentino shop in Manhattan did not pay rent to the owners of the premises.

 

Valentino said on Monday it had settled the dispute with the landlord of its former U farmbrazil.com.br.S. flagship on Manhattan’s Fifth Avenue, which the Italian fashion company had abandoned due to the pandemic.

 

In a statement, Valentino said its out-of-court settlement with landlord 693 Fifth Owner LLC included the termination of the 16-year lease, for a space two blocks south of Trump Tower.

 

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