Spotlight | France
Inheritance battle could rock Gucci flagship on Avenue Montaigne

A family feud among the owners of the premises of Gucci's flagship store in Paris could have repercussions for the brand.
A family feud among the owners of the premises of Gucci's flagship store in Paris could have repercussions for the brand. © Studio Pachamama
While it awaits the opening of its Paris megastore on Rue St Honoré, the Kering group's flagship brand continues to rely on its Avenue Montaigne store, for which it pays a remarkably low rent. But the owners of the building, one of the best spots in Paris's Golden Triangle, are at each other's throats. The family feud could trigger a rent hike for Gucci, at a time when Kering is battling to keep its costs down, especially in real estate. [...]
Reading time 4 minutes Philippe Vasset

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