Peter Marino (Photo via petermarinoarchitect.com)
Tiffany & Co. is proceeding with the massive renovation of its Fifth Avenue flagship but there have been some changes at the top.
The famed jeweler, which is now owned by global luxury powerhouse LVMH Moët Hennessy Louis Vuitton, has tapped architect Peter Marino to take over the renovation, reported Women’s Wear Daily. Tiffany closed the iconic, 10-story building in January 2020 to begin work on the remodel. (With the flagship closed for construction, the retailer has been operating out of an adjacent building.) The pandemic has caused delays, and the work is now not expected to be completed until Christmas 2022 or early 2023, the report said.
With Tiffany’s change in ownership, the renovation will now be overseen Anthony Ledru, who was named company CEO in January, and Alexandre Arnault, son of LVMH chairman and CEO Bernard Arnault and Tiffany’s executive VP, product and communications — with help from Marino, Women’s Wear Daily said.
The Tiffany flagship was a symbol of modern architecture when it was built in 1940.