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":"f8f5725484998d661885c3d55ad9a430","s":"50077900030c6aa1"}