Gucci Owner Splashes Out €1.3 Billion for Building on Milan’s Iconic Shopping Street
- Milan’s Via Monte Napoleone houses luxury brand boutiques
- Kering recently bought a building on Manhattan’s Fifth Avenue
Via Monte Napoleone, Milan.
Source: Getty ImagesGucci owner Kering SA is spending €1.3 billion ($1.41 billion) for a property on Milan’s toniest shopping street.
The French luxury group said Thursday that it’s buying Via Monte Napoleone 8 from a unit of Blackstone Property Partners Europe.