PRDSY - Gucci Glamour On Fifth Avenue: Parent Firm Kering Seals Deal With $963M Manhattan Tower | Benzinga
Kering SA (OTC:PPRUF), the parent company of the luxury brand Gucci and Balenciaga, has purchased a tower on Manhattan’s Fifth Avenue for $963 million.
The property, totaling approximately 115,000 sq. ft, or 10,700 sq. m., is located at 715-717 Fifth Avenue, on the Southeast corner of 56th Street.
This investment represents an additional capacity in Kering’s selective real estate plan ...