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":"695edc3b4b1446f870815a684e3a057c","s":"14459da11070c152"}