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":"8d64c1ed213b483fd36e3932e878981b","s":"12c2a71938f9af40"}