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London Business News | Londonlovesbusiness.com
2 months ago
Business

French luxury goods company Kering is having difficulty with their 'main source of income'

Kering is facing challenges in renewing Gucci, impacting its profits significantly. [ more ]
New York Post
5 months ago
NYC real estate

Gucci owner pays nearly $1B to scoop up tower on red-haute Fifth Avenue

Gucci's owner, Kering, purchased a prime Fifth Avenue retail property for $963 million, potentially displacing rival fashion house Armani from its flagship location.
This purchase is part of Kering's strategy to secure key, highly desirable locations for its brands.
Foreign companies, particularly from Europe, are buying up retail properties on Fifth Avenue due to the prestige and long-term value they offer. [ more ]
London Business News | Londonlovesbusiness.com
2 months ago
Business

French luxury goods company Kering is having difficulty with their 'main source of income'

Kering is facing challenges in renewing Gucci, impacting its profits significantly. [ more ]
New York Post
5 months ago
NYC real estate

Gucci owner pays nearly $1B to scoop up tower on red-haute Fifth Avenue

Gucci's owner, Kering, purchased a prime Fifth Avenue retail property for $963 million, potentially displacing rival fashion house Armani from its flagship location.
This purchase is part of Kering's strategy to secure key, highly desirable locations for its brands.
Foreign companies, particularly from Europe, are buying up retail properties on Fifth Avenue due to the prestige and long-term value they offer. [ more ]
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