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Gucci Owner Kering in Talks to Sell Stake in $1 Billion Fifth Avenue Property, Sources Say
The Italian luxury conglomerate is looking to sell a stake in a prestigious Fifth Avenue building it purchased last year as part of its strategy to cut costs amid heavy debts and sagging consumer demand, Reuters reported.
The Italian luxury conglomerate is looking to sell a stake in a prestigious Fifth Avenue building it purchased last year as part of its strategy to cut costs amid heavy debts and sagging consumer demand, Reuters reported.
