The debt-ridden French luxury goods company is being forced to rethink its vast real estate portfolio, which it acquired at a high price. Its property on Via Monte Napoleone in Milan is a thorny issue: it has been negotiating its transfer to an outside investor for over a year, while at the same time mulling opening a mall on the upper floors for its brands.
Saint Laurent's Milan boutique, which occupies three floors of 8 Via Monte Napoleone, has just reopened after €4m worth of renovations, just in time for the start of Milan Fashion Week. The store now covers nearly 1,320 m2, almost double its original size. Kering, the brand's parent
