Kering announces that it has acquired a prestigious real estate asset in New York, comprising luxury retail space on several levels and totaling nearly 10,700 m².

The property is located at 715-717 Fifth Avenue, on one of the world's most emblematic avenues, and was acquired for US$963 million (approximately €885 million).

Kering states that this investment is part of its selective real estate strategy aimed at securing key, highly desirable locations for its Houses.


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