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":"3f4f4dab4566184205e4f41f413bf3af","s":"62fe4aed0ceee4e7"}