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":"820139ffb18c1ee15d2423c14c916151","s":"5147e31858bc47fd"}