Kering’s u-turn: selling property while LVMH and Prada buy

Kering’s u-turn: selling property while LVMH and Prada buy

Where fashion struggles, real estate steps in. Luxury giants are increasingly turning to property investments to secure profitability (and, in some cases, cash flow) that the fashion industry is currently failing to provide. However, their strategies differ: while LVMH and others are buying, Kering is seeking partners and selling. Why real estate? It is important…

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