fashion-and-trendsUpdated: Jun 23, 2020 13:21 ISTValentino wants out of New York’s prestigious Fifth Avenue. It says that the coronavirus pandemic has made it impossible to offer a high-end shopping experience at the Fifth Avenue address, where it has sold $1,000 pumps and $2,600 clutches since 2013. Valentino said in its lawsuit that it has paid its rent, but painted a bleak picture of the future of high-end shopping in New York. Even before the pandemic, Fifth Avenue had lost some of its lustre. In recent years, Tommy Hilfiger and Polo Ralph Lauren have shut their stores for good on the famous shopping corridor.

Source: Hindustan Times June 23, 2020 07:52 UTC