BOUTIQUE SHUFFLE: Valextra To Take Over For Cesare Paciotti On Madison Avenue

Exclusive Italian leathergoods brand Valextra has wasted no time in finding its own spot on Madison Avenue's luxury corridor. The former Cesare Paciotti boutique at no. 833 between 69th and 70th Streets is currently in the process of becoming the luxurious brand's New York flagship. Recently purchased by a London based investment group, Valextra is being repositioned from being a small, independent and exclusive brand known for elegant, minimalist-inspired bags and accessories for the in-the-know to something that can support an IPO within the nest 5 to 10 years. Naturally, a higher profile is in order, hence the Madison Avenue flagship (with a few more likely to follow in the appropriately prominent major cities). The upcoming 1,620 square foot store is slated to open in November, just in time for the Holidays, with a new U.S. e-commerce site expected to debut any day now. Have a peek at the progress in the picture below, and start saving up. Those sleek Milanese leathergoods don't come cheap.