LONDON - Paris' luxury fashion street Avenue Montaigne has a British newcomer. Burberry will now count the likes of Prada, Bottega Veneta and Jil Sander as neighbors on 17-19 Avenue Montaigne.

The luxury goods group headed by Bernard Arnault ends its 2024 financial year with sales of €84.7 billion, down 2% on 2023.

The landmark properties — Hôtel de Nocé on place Vendôme and two buildings on avenue Montaigne — will be held by a joint venture. Kering will keep 40% and Ardian will own the rest ...

This portfolio comprises Hôtel de Nocé, located 26, place Vendôme, and two buildings located on avenue Montaigne, at 35-37 and 56. Kering is contributing these assets to a newly created joint ...