Tourneau leaving Penn Station after 40 years

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Tourneau, the high-end purveyor of watches, is ditching its long-time Penn Station digs. After more than 40 years at the corner of 34th Street and Seventh Avenue, Tourneau representatives said it’s ducking out due to a dispute over lease renewal terms with the landlord, Vornado Realty Trust, although Vornado declined to comment. While Tourneau said its looking for another space in the city, it has yet to decide where. Tourneau currently has a lease at 510 Madison Avenue, where it’s trying to get out of its contract.