26 January 2024

Fifth Avenue real-estate acquisition for Kering

Luxury group Kering has invested $963 million in a retail property in New York, reports Leatherbiz.

It said the site, on Fifth Avenue and 56th Street in Manhattan, would provide it with “multi-level luxury retail spaces” over a total area of 10,700 square-metres, on “one of the world’s most iconic avenues”.

It added that this investment was part of a wider, “selective real estate strategy”, through which it is aiming to secure “key, highly desirable locations” for its brands, which include Gucci, Saint Laurent, Bottega Veneta and Balenciaga.

Other properties it has acquired recently include buildings on the Avenue Montaigne and the Rue de Castiglione in Paris.

關於亞太區皮革展 ​



我們主辦多個專注時尚及生活潮流的商貿展覽會, 為這不斷變化的行業,提供最全面的買家及參展商服務,方便他們了解急速轉變的行業環境,並預測來季趨勢。