LVMH chief Bernard Arnault ordered a makeover for Tiffany's Fifth Avenue store after getting lost inside

Sat, 04/29/2023 - 09:15

Bernard Arnault, Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, speaks during a news conference to present the 2022 annual results of LVMH in Paris, France, January 26, 2023. — Bernard Arnault speaks in Paris in January.
Gonzalo Fuentes/Reuters

LVMH's CEO ordered a makeover of Tiffany's flagship Fifth Avenue store after getting lost in it.
He told The Wall Street Journal he canceled plans to revive the store's dark wood interior.
The lengthy renovation might have cost LVMH up to $500 million, according to analysts.

LVMH CEO Bernard Arnault got lost inside Tiffany's flagship New York store, which led him to order a complete revamp of the building that cost hundreds of millions of dollars.