Mignon Faget is leaving the Magazine Street retail space it’s occupied for the last 27 years, a move that the iconic jewelry brand’s CEO said was prompted by a new landlord who is bringing a bigger retailer into the property.
Maghan Oroszi, who has run the jeweler since 2024, said this week it will move out of its flagship retail space at 3801 Magazine at the end of October. The store will set up a temporary location across the street as company executives search for a permanent home elsewhere on the six-mile commercial strip.
In a prepared statement, Oroszi said the shop was “pushed out” of its current location to make way for “a national brand in place of Mignon Faget” after local investor Logan Levy purchased the building for approximately $2.5 million in September…