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Valentino faces $207M lawsuit for breaking lease on Manhattan storefront | TheHill – The Hill

Luxury design house Valentino SpA is facing a $207.1 million lawsuit after the landlord of its former American flagship store on Manhattan’s Fifth Avenue accused…

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Luxury design house Valentino SpA is facing a $207.1 million lawsuit after the landlord of its former American flagship store on Manhattans Fifth Avenue accused the Italian brand of breaking its lease illegally and leaving the building damaged, multiple outlets report.
Valentino closed up shop at the four-story Fifth Avenue location in December amid the coronavirus pandemic.
The owner of the location at 693 Fifth Ave. claims the fashion house is liable for rent until July 2029 when the lease is…

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