Coach wants to keep the competition far away.
The retailer doesn’t want competitors like J. Crew, Burberry, or Polo Ralph Lauren in its new New York City office and retail space, according to the Wall Street Journal.
Under the terms of their deal, Developer Related Cos., which is developing the 47-story tower on the far West side of Manhattan, cannot lease space to eight competitors of Coach, according to The Journal.
“Developers aren’t permitted to lease space in the 47-story tower to any competitors of Coach—for both retail and office space,” The Journal writes, citing the retailer’s filing with the Securities and Exchange Commission last month.
Here are the competitors listed in the filing:
-LVMH Moet Hennessy Louis Vuitton
-Polo Ralph Lauren