Edelman had set up Museum Partners in the 1990s to acquire a stake in a French company then controlled by the Taittinger family that held assets like BaccaratCrystal and Taittinger Champagne.
Shoppers will find more than a dozen stores inside the hotel, including Baccaratcrystal and Qiviuk , a shop that sells ultra-soft garments made from the insulating down of the Canadian Arctic musk ox.