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":"0306eafd4e92e801df0032b7a3e36d0f","s":"b886c1256baf9772"}