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":"d4a8b99a06a7726622b5b28007bab2ee","s":"68b48045e97b275b"}