The Trump name is probably pretty radioactive right now. — Mark J. Cohen, Licensed Associate Real Estate Broker
The Trump name is probably pretty radioactive right now. — Mark J. Cohen, Licensed Associate Real Estate Broker
Gucci has reportedly extended its lease in the Trump Tower. Other companies, including Tiffany's, have pulled away from the former president.
  • Gucci has extended its lease in Trump Tower, where it's the biggest commercial tenant, the NYT reported.
  • In 2020, the company extended its lease beyond 2026 and reduced its rent, sources told the publication.
  • Gucci was paying $18.7 million in annual rent for the space in 2012, per an SEC filing.
Shannon Coulter, who has led boycotts against companies including Molson Coors, LVMH, and New Balance because of their connections with former President Donald Trump, told The New York Times the news was "disgusting."

"They are essentially doing business with a white supremacist," she said. "That's what that decision means."

... Trump-branded Manhattan buildings have lost more than 20% their value since he first took office.

"The Trump name is probably pretty radioactive right now," realtor Mark Cohen told Insider's Juliana Kaplan.
Read the full article: https://www.businessinsider.com/gucci-trump-tower-extends-lease-rent-fifth-avenue-donald-manhattan-2021-2