St. Regis New York Hotel will be the latest shopping destination for Richemont goods

St. Regis New York Hotel on Fifth Avenue is the new address for Richemont group which owns luxe brands like Jaeger-LeCoultre, Cartier, Montblanc, Piaget, Chloe, Net-a-Porter, Vacheron Constantin and more. Known as world’s second largest luxury group, Richemont has bought a premium retail condominium for $375 million. The brand has plans to open one of its stores at the recently acquired condominium at St Regis.

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