Tiffany's is reportedly renovating its flagship store on 5th Avenue.
The jeweler says it will spend $250 million to give its iconic store in Manhattan an uplift.
The ten-floor store opened back in 1940.
During the renovations, Tiffany will expand its retail space in a location on 57th Street.
The transformation should be complete in 2021.
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Tiffany's flagship store to undergo renovations
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