Tiffany's ends $7m per year lease with Trump Organisation

[Yo_Mama_Been_Loggin]

The Trump Organisation will have $7m less flowing into its coffers this year now that an iconic retailer has stopped renting space at a Trump-owned building.

Tiffany's announced it would not be renewing its lease with the Trump Organisation, and will be moving its store back to its historical location on Fifth Avenue.

In 2018, the iconic jewelry store agreed to sublease the 74,000-square-foot space on 6 E 57th St. while renovations were done at its Fifth Avenue headquarters.

Both Tiffany's headquarters and the temporary retail space sit at the foot of Trump Tower.

https://www.yahoo.com/news/tiffanys-ends-7m-per-lease-173207733.html

[Happyhippychick]

1. I'm delighted to see this

[2naSalit]

2. Good.

I hope the other businesses located there do the same.

[lagomorph777]

3. Toxic location. It probably hurt their business a lot.