New players, new locations and new shopping habits have changed the luxury market dramatically in the past five years, but stores remain a destination for shoppers and tourists, according to Gucci and Bottega Veneta owner Kering’s top real estate executive.
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","iv":"9fc0b523fd53c34206dd93a04b43bc01","s":"2bd1cefc14bc839d"}