[6] In 1999 a majority stake in the company was sold to venture capitalists 3i, who resold it shortly after for a considerable profit.

[citation needed] The company was bought in 1999 by Bernard Arnault of LVMH Moët Hennessy – Louis Vuitton.

[4][7] After a series of disastrous sales and extremely heavy losses, the UK operations were sold to Bonhams in 2001 and merged into that company.

[citation needed] De Pury sold his remaining shares to Mercury in late 2012, and left the company.

[9][10] In December 2018 the company signed a contract for retail space at 432 Park Avenue including the Park Avenue Cube beside the tower, with approximately 5000 m2 (55000 sq ft) at the base of the tower and a further 3000 m2 (30000 sq ft) underground.