It’s the renovation hell story heard around the fashion retail world. Luxury jeweler Cartier is suing luxury department store Saks Fifth Avenue for $40 million. The legal complaint occurred when Saks kicked up the dust (literally) during its $240 million first-floor flagship renovation. Cartier has an in-store boutique inside Saks, and complained that the renovation was creating dust and debris over the cases, compromising the luxury merchandise and ambiance within.
Cartier is seeking in excess of $40 million in damages and a protection from lease termination that would force it to move to a new location. Cartier’s five-year lease on the in-store space still has three years remaining.
The lawsuit states that “Cartier brings this action to prevent the unlawful termination of the Lease, to protect
and preserve its interest and investment in the Cartier Location, and to recover damages resulting
from Saks’ breaches of the Lease.”
Nichole Schoenberg, a spokeswoman for Hudson’s Bay Company, the owner of Saks, told Bloomberg that the firm doesn’t comment on pending litigation but promises the renovation “will deliver a one-of-a-kind experience to our customers” in a “re-imagined store.”