Hermès planning new Madison Ave flagship

Luxury retailer Hermès of Paris is planning a new flagship location at Friedland Properties’ 706 Madison Avenue. The company has signed a lease and will open the new location in 2022, Women’s Wear Daily reported. The five-story space spans roughly 40,000 square feet and includes two outdoor terraces. The site is connected to a restored bank building from the 1920s, approved by the Landmarks Preservation Commission. The news comes as Madison Avenue retail has struggled […]

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