Luxury fashion retailer Gucci won’t be leaving Manhattan’s Trump Tower any time soon. That’s according to a report in the The New York Times detailing a deal from 2020 in which Gucci, Trump Tower’s biggest commercial tenant, renegotiated and extended its lease in the building at 721-725 Fifth Avenue. The paper cited two people with knowledge of the deal. The 20-year lease the company took in 2006 was due to expire in 2026. Gucci got a reduction in rent after agreeing to expand its lease beyond this date, the sources said. What’s going on with Donald Trump’s Indonesian tourism resort? Gucci declined to comment to the Times , and The Trump Organization did not respond to the paper’s request for comment. Gucci had asked the Trump Organization to sign confidentiality agreements regarding the terms of the lease, one person who had seen the lease told the publication. The Trump Organization and Gucci’s parent company, Kering, were contacted for comment. But Tiffany & Co. – which was recently acquired by LVMH – is not renewing the lease for its 74,000 sq ft space in a different Trump-owned building in Manhattan, Bloomberg reported. The jewellers had subleased the space on East 57th Street since 2018 after previous tenants Nike left, and used it for both its headquarters and a store while its former headquarters was undergoing renovations. Other companies are scrambling to cut ties with the former president. Gucci leases a nearly 50,000 sq ft space spread over five floors of Trump Tower. This is around 20 per cent of the tower’s total rental space. In 2012, the fashion brand was paying US$18.7 million in annual rent for the space at a rate of US$384.40 per square foot, an SEC filing shows. This made it by far the tower’s biggest rent payer, contributing nearly two-thirds of the building’s annual rental income. Who did Ivanka Trump date before Jared Kushner? The Professional Golfers’ Association (PGA) of America pulled its 2022 championship from Trump’s New Jersey golf course, and e-scooter start-up Lime has vowed never to give money to businesses connected to Trump or his son-in-law Jared Kushner . The city of New York is also ending its business contracts with the Trump Organization, which had managed a golf course in the Bronx as well as two ice skating rinks and the carousel in Central Park, for a combined annual revenue of around US$17 million. Are all the Trumps fleeing to Florida? Trump-branded Manhattan buildings have lost more than 20 per cent of their value since he first took office. “The Trump name is probably pretty radioactive right now,” property agent Mark Cohen said. Want more stories like this? Sign up here . Follow STYLE on Facebook , Instagram , YouTube and Twitter . This article originally appeared on Business Insider