Jewelry industry giant, Cartier has filed a complaint against Saks Fifth Avenue on October 3rd in the New York State Supreme Court, adding tension to a five-year lease that the brand previously signed with the latter. Cartier has a boutique stationed near Saks' flagship’s 49th Street entrance. Recently Saks Fifth Avenue has begun renovations to the ground floor of its flagship boutique.
This has led to some issues with the two companies; causing less foot traffic into Cartier's store as well as dust and debris from the construction as mentioned earlier. As a result, Saks has terminated the contract between Cartier and themselves. Both parties have yet to come to a mutually beneficial solution.
Hudson Bay Company purchased Saks Fifth Avenue in 2013 and declined to comment on the lawsuit. However, in a statement issued to JCK, they said that “We have re-conceptualized the model of our Fifth Avenue flagship in a way that will revolutionize luxury shopping. In partnership with our many existing and new vendors, our grand renovation will deliver a one-of-a-kind experience to our customers through elevated and dominant category presentations in our reimagined store.”