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Kering obtains retail base on Fifth Avenue for nearly $1B

Kering its digging its heels deeper into the Fifth Avenue luxury scene with the purchase. Image credit: Elisa Rolle/ Wikimedia Commons Kering is digging its heels deeper into the Fifth Avenue luxury scene with the purchase. Image credit: Elisa Rolle/ Wikimedia Commons

 

French luxury conglomerate Kering is buying property on one of the most expensive streets in New York City.