Tiffany reopens on Fifth Avenue with a bang

Gaining popularity: A Tiffany & Co luxury jewellery boutique is seen on Avenue Montaigne in central Paris. According to HSBC analysts, the jeweller grew sales to 5.1bil euros (RM22.6bil) in 2022 from 3bil euros (RM14.7bil) in 2020. — Bloomberg

NEW YORK: The splashy reopening of Tiffany & Co’s flagship store on the corner of Fifth Avenue and East 57th Street is a renovation representing the billions of capital investment in one of New York City’s most iconic shopping districts.

Real estate experts said the flow of cash is part of a bid to re-imagine an area of Midtown that extends from 49th Street to the Plaza Hotel and includes Fifth and Madison Avenues.