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":"24264d4be1b0816edc456a4695926270","s":"26c8502f8ed7d15c"}