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 company, wants to go further to enhance the value of the building, which was bough for a record €1.3bn in early 2024, sources say. It is considering
