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Avenue Montaigne
LVMH's landlord makes life difficult for its tenants

LogoSubscribers only By Zélie de Crécy
3 min read Lire en français

In 2014, the Olayan family acquired 5O Avenue Montaigne as part of a property deal worth over €1bn.
In 2014, the Olayan family acquired 5O Avenue Montaigne as part of a property deal worth over €1bn. © Photomontage by Glitz – Sources: World Economic Forum (Wikimedia commons), Olayan

The Saudi owners of the building the French luxury giant is occupying while its HQ is being refurbished have been demanding higher rents. A court ruling is pending.

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