Kering embarks on huge commercial development opposite Louis Vuitton near Paris’s Place Vendôme
What: Kering is developing an area on rue Saint-Honoré and rue de Castiglione.
Why it is important: The new Kering development is located directly opposite of its top rival, Louis Vuitton.
The luxury group has purchased the entire building at 235 Rue Saint-Honoré for a reported EUR 300 million. The development on rue Saint-Honoré and rue de Castiglione spans nearly 8,000 square meters.
The group plans to open a new flagship store for its leading label, Gucci which would sit directly opposite of its top rival, Louis Vuitton. The store would extend over 2,350 square meters on two floors but Gucci’s CEO and Kering have yet to confirm the project.
Kering embarks on huge commercial development opposite Louis Vuitton near Paris’s Place Vendôme
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