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":"f995cd7e617f83ec371d3172d32f7132","s":"8e381bcec2a2bce9"}