A fire broke out Thursday in the basement of the flagship Tiffany & Co. store on New York's Fifth Avenue, officials said.
Videos posted on the Citizen app showed smoke billowing out of the basement of the iconic store, which reopened in April after an extensive renovation. They also showed firefighters battling the blaze with hoses.
Details on injuries from the fire were not immediately available. Fire Department officials planned a briefing at the scene later Thursday.
The Fifth Avenue store made famous by the 1961 movie “Breakfast at Tiffany's” is the headquarters of the luxury retailer founded in 1837 by by jeweler Charles Lewis Tiffany. The company was acquired by LVMH in 2021.
A company spokesperson didn’t immediately respond to a request for comment.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
