Kering and Ardian seal €837 million deal

For several years now, luxury players have been spending millions if not billions of euros or dollars on real estate assets located on the world's most expensive shopping streets. Kering, the French luxury group headed by François-Henri Pinault, belongs to this very exclusive caste. Last year, for example, it signed a €1.3 bn deal with Blackstone for No. 8 on Via Montenapoleone in Milan. But today, the group, which is facing a high level of debt, has just announced that this time it will be selling off assets.