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.
{"ct":"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","iv":"a5567646fe9c74fc305e2edde7d78753","s":"525cfa68be146797"}