LVMH Explores Purchase of Building on Manhattan’s Fifth Avenue
- Luxury retailers are snapping up prime sites on famous street
- Bergdorf men’s store occupies first three floors of 745 Fifth
The Bergdorf Goodman men’s store at 745 Fifth Avenue in New York.
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LVMH Moët Hennessy Louis Vuitton SE is in talks to buy a building on Manhattan’s Fifth Avenue as the luxury conglomerate seeks to control the best retail sites globally.
The owner of 75 brands including Christian Dior and Tiffany & Co. is exploring the purchase of 745 Fifth Ave., according to people familiar with the matter who asked not to be named because the process is private. LVMH is competing against other bidders for the property at the corner of 58th Street, which houses a Bergdorf Goodman men’s store on the first three floors, one of the people said.