LVMH Reportedly in Talks to Buy Fifth Ave. Retail Building

LVMH Moët Hennessy Louis Vuitton, which owns 75 brands including Christian Dior and Tiffany, is in talks to acquire 745 Fifth Ave. in Manhattan, where a Bergdorf Goodman men’s store occupies the first three floors, according to a report in Bloomberg that cited people familiar with the negotiations that asked not to be named. One of the sources told Bloomberg that LVMH is competing against other bidders for the property. The landlord of the building is Paramount Group. Read more at Globest.