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":"e4887ff9e0cc6b5f9358268989756c8c","s":"72319951f58882a1"}