French luxury group Kering acquires prestigious New York City property at 715-717 Fifth Avenue for USD 963m, expanding its luxury retail portfolio.
This aligns with Kering’s global real estate strategy, securing prime locations like Paris and Tokyo.
The move reflects disciplined management of its portfolio in line with the company’s financial strategy.French luxury group Kering acquires prestigious New York City property at 715-717 Fifth Avenue for USD 963m, expanding its luxury retail portfolio.
This aligns with Kering’s global real estate strategy, securing prime locations like Paris and Tokyo.
The move reflects disciplined management of its portfolio in line with the company’s financial strategy.
