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":"ed65f94d6d4094e410f631f9b0e92d69","s":"56e6021efa984f09"}