Why Bottega Veneta enters the Galleria at double the fee

The turnover in Milan’s Galleria Vittorio Emanuele is expected in spring. Where Bottega Veneta is taking over the boutique that Gucci has occupied since 2003 (and for which it has a lease, signed in 2016, that expires in 2034). But Bottega Veneta is entering the store at double the fee Gucci was paying (€1.15 million…