Kering acquires Milan's via Monte Napoleone iconic building for 1.3 billion euros from Blackstone.

Kering, a luxury group, has acquired an iconic building in Milan's via Monte Napoleone for approximately 1.3 billion euros ($1.4 billion) from Blackstone Property Partners Europe. The acquisition supports Kering's selective real estate strategy, securing a prime location for its luxury brands. The property spans over 5,000 sq. meters of retail space.