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Two crossed lines that form an X . It indicates a way to close an interaction, or dismiss a notification. Ralph Lauren is fighting with its landlord over a bargain sublease of its grand store at 711 Fifth Avenue in Manhattan, which reveals landlords fears over plummeting real-estate values on the iconic stretch. Reuters This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
Ralph Lauren has entered into its arbitration with its landlord over a hugely discounted sublease it has been arranging for its Fifth Avenue store.
Fast-fashion chain Mango would pay Ralph Lauren a mere $5 million a year for the space, which costs the preppy retailer $27 million annually.