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Spotlight | France
Kering looks to cut Gucci losses with sale of Vendôme quarter flagship building

Kering is still planning to set up a Gucci megastore in Paris's Place Vendôme district.
Kering is still planning to set up a Gucci megastore in Paris's Place Vendôme district. © Studio Pachamama
Two years after acquiring four buildings for nearly €800m in Paris's Place Vendôme district, Kering still plans to open a giant Gucci store there. But the François-Henri Pinault-led luxury group wants to sell the properties to cut costs and keep only a minority stake. [...]
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