Kering Sells Italian Luxury Outlets to Alleviate Debt
Fashion
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Kering Sells Italian Luxury Outlets to Alleviate Debt

January 30, 2025
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Kering has sold its “The Mall Luxury Outlets” unit to US real estate company Simon, the French luxury conglomerate said in a statement on Thursday. The divestment will generate net proceeds of approximately €350 million ($365 million) for the Gucci owner, hit harder than its peers by the global luxury

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