Kering has announced the acquisition of the company owning an emblematic building in via Monte Napoleone 8, Milan, for around 1.3 billion euros, from a subsidiary of Blackstone Property Partners Europe.
Located on a corner of the Quadrilatero della Moda, this 18th-century building extends over five floors, totalling 11,800 m² of gross floor area. The complex includes over 5,000 m² of retail space, making it one of the most important on via Monte Napoleone.
This investment is part of the French luxury group's proactive property portfolio management and selective strategy, 'aimed at securing key and highly desirable locations for its homes'.
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A global Luxury group, Kering manages the development of a series of renowned Houses in Fashion, Leather Goods, and Jewelry: Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, Dodo, Qeelin, Ginori 1735, as well as Kering Eyewear and Kering Beauté.
By placing creativity at the heart of its strategy, Kering enables its Houses to set new limits in terms of their creative expression while crafting tomorrow's Luxury in a sustainable and responsible way. It captures these beliefs in its signature: Empowering Imagination.
In 2023, Kering had 48,964 employees and restated revenue of EUR 19.6 billion.
At the end of 2023, the Group had a network of 1,771 stores under its own management, located primarily in Western Europe (367), North America (316), Japan (238), and in emerging countries (698).
Net sales are distributed geographically as follows: Western Europe (27.6%), Japan (7.2%), Asia/Pacific (35%), North America (23%) and other (7.2%).
KERING 
