BUSINESS

Here’s what Tiffany’s renovated Fifth Ave. store looks like

Aug 24, 2020, 9:23 AM
A rendering of the top floors of Tiffany & Co.'s flagship in New York. Photo courtesy - OMA/Bloomim...
A rendering of the top floors of Tiffany & Co.'s flagship in New York. Photo courtesy - OMA/Bloomimages.de

(CNN) — Tiffany & Co. couldn’t reopen its flagship location in New York without some dazzle — a sparkling box lit in its iconic blue.

The luxury jeweler debuted exterior renderings of its Fifth Avenue store on Monday, which is currently in the midst of a multi-year renovation. Sitting on top of the 80-year-old limestone building is a modern, eye-catching glass box that “echoes the height and grandeur of the flagship’s timeless main floor,” the company said in a press release.

The top three floors of the building were constructed in 1980 as an office space. Tiffany said the “completely reimagined” space will host events and clients once the store reopens in spring 2022 — more than a year after it was originally scheduled to open.

“Tiffany’s newly transformed flagship will reflect the future of our brand, while honoring our 183-year legacy,” said Reed Krakoff, Tiffany’s chief artistic officer.

Tiffany closed the 727 Fifth Avenue location soon after it announced the multimillion-dollar renovation in 2018. The redesign is part of the company’s broader focus on attracting younger customers to its jewelry. A temporary store remains open nearby.

Interior images of the space haven’t yet been revealed. However, Tiffany said in Monday’s release that the store “will draw consumers inside once again and inspire them to journey from the main floor up through the entirety of the building.”

Last year, LVMH announced a $16.2 billion deal to buy Tiffany. LVMH is the world’s biggest luxury group and home to 75 different brands, including Christian Dior and Bulgari. The acquisition is still on track to close this year despite the global economic slowdown brought on by the pandemic.

The-CNN-Wire
™ & © 2020 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.

Business

the Fed...
Aimee Cobabe

Goldman Sachs warns of potential recession in the next two years

Goldman Sachs predicts there’s a 35 percent chance we’ll have a recession in the next 2 years. 
2 months ago
oil and gas leases...
Dan Bammes

BLM plans to sell new oil and gas leases after moratorium

This is the first time the Biden administration has allowed oil and gas lease sales since it took office.
2 months ago
cheeseburger inflation...
Curt Gresseth

Why does my cheeseburger cost so much? Most ingredients touched by inflation.

A reporter joined the show and walked us through the reasons that popular cheeseburger ingredients have jumped in price since March of 2021.
2 months ago
ogden IRS 25th street home prices rising...
Devin Oldroyd

Ogden man sentenced to federal prison for failure to pay the IRS

The IRS said Daniel Fry, 46, owned and ran four now-closed healthcare-related businesses in the Ogden area.
2 months ago
utah employment...
Simone Seikaly

Utah unemployment falls again, rests at 2% for March 2022

Officials say that the Utah unemployment rate mirrors job growth in the state, and the only one jobs sector has remained stagnant.
2 months ago
Woman walks past Google sign, which brought economic activity to Utah....
Samantha Herrera

Google brought billions of economic activity to Utah

The tech company brought over $9 billion in economic activity to the state in 2021. Almost 200,000 local companies used Google's many services.
3 months ago

Sponsored Articles

Prescription opioid...
Know Your Script

Prescription opioid misuse | How to protect your family from the opioid epidemic

Studies have shown that prescription opioid misuse has increased since COVID-19. So what do you need to know about these opioids?
...

Tax Tuesday: The Most Common Mistakes People Make When Filing Their Taxes

Fortunately, for most average earners, they will not end up owing overpayments received for the Child Tax Credit in 2021.
...

Tax Tuesday: How will last year’s child tax credits affect you?

Fortunately, for most average earners, they will not end up owing overpayments received for the Child Tax Credit in 2021.
...

Tax Tuesday: Key Information Before the Filing Deadline

Businesses can receive a credit of up to $5,000 per employee in 2020 and up to $21,000 per employee in 2021.
national heart month...
Intermountain Healthcare

National Heart Month: 5 Lifestyle Changes to Make Today to Keep You Heart Healthy

Heart disease is the leading cause of death for both men and women. One person dies every 36 seconds in the United States from cardiovascular disease
Joseph Smith Memorial Building...
Temple Square

The Joseph Smith Memorial Building is an icon of Salt Lake City | Why hosting an event at this beautiful location will make you a hero this year

Here's why hosting an event at the iconic Joseph Smith Memorial Building in downtown Salt Lake City will make you a hero this year.
Here’s what Tiffany’s renovated Fifth Ave. store looks like