Business > Commercial Real Estate
Ralph Lauren, Shvo Group feuding over Fifth Ave sublease
1 month ago | By The Real Deal New York
Who deserves to be on Fifth Avenue? That question is at the heart of a legal battle between Ralph Lauren and the landlord of its store on the shopping corridor. In 2017, Ralph Lauren shuttered the 28,300-square-foot store, but continued to pay roughly $27 million annually for the unoccupied space. To lessen its losses, the luxury retailer made an agreement with Spanish fast-fashion chain Mango to sublease the storefront for around just $5 million annually.
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