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CHICAGO: HARRY WINSTON FILES SUIT FOR “LOST PROFITS” AGAINST LANDLORD

The jeweller claims damages done by a nearby construction project
harry winston jewelry store
Credit: Iris Hortman

It turns everyone, including famous jewelry retailers, have problems with their landlords: According to a report in IDEX Online, Harry Winston Inc. has filed a suit against the owner of the building it leases in Chicago, claiming damages by a nearby construction project that cost it “more than $2 million in lost profits”.

 

The jeweller leases a three-story building on East Oak Street in Chicago. According to the suit, starting February 2017, the defendants’ construction activities (65 Oak Street Owner LLC, LG Development Group LLC, and others are mentioned in the suit) for a new building on the same street caused “significant ground vibrations” and cracks in Harry Winston’s store. As a result, the store had to close for repairs and alleges lost profits of at least $2 million.

 

According to Harry Winston Inc., “the defendants failed to properly supervise the excavation and installation of earth retention systems, and failed to provide adequate safety measures or precautions”. It requests a trial by jury “and seeks judgment against the defendants of more than $50,000”.



Tags: Jewelry News, Diamond Jewelry News

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