What if you were so rich and your company was making so much money, you could do anything you wanted?
Would you give millions to charity?
Would you create college scholarships for deserving inner city students?
Would you lower prices on your company’s products?
Would you give everyone raises?
Would you take over Yankee Stadium for a day so poor kids could go to a ballgame?
The renowned designer, about to turn 71, is just completing construction on a four-story limestone building (palace?) that will be home to another RL store. A magnificent building, designed in Beaux-Arts style, it complements one directly across the avenue, which is Lauren’s flagship store. The original, known as the Rhinelander Mansion (named after a NY heiress), was constructed in the late 1800s.
Magnificence aside, it is a bit unsettling to see this construction when stores are continually being vacated on Madison Avenue during these tough economic times.