On December 13, 2025, Bottega Veneta officially inaugurated its new 3,358-sq-ft boutique at 58 Gansevoort Street, signaling a decisive shift in Manhattan’s luxury retail geography. Strategic proximity to New York’s fashion-forward cluster defines this expansion, as the Italian house joins prestigious neighbors like Hermès, Gucci, and Loro Piana in the Meatpacking District. This move reflects a broader trend identified in the 2025 JLL Luxury Retail Report, which noted a 65.1 per cent growth in new luxury square footage in New York during the first half of the year, with prime street-level locations commanding asking rents as high as $550 per sq ft.
Amidst a challenging climate for global conglomerates, Bottega Veneta remains a resilient outlier in Kering’s financial portfolio. While parent group Kering faced a 16 per cent revenue decline in H1 2025, Bottega Veneta emerged as a ‘rare bright spot,’ delivering a 3 per cent increase in comparable retail sales and double-digit growth in the North American market. "The house continues to assert its unique positioning through craftsmanship and retail exclusivity, even as the wider sector navigates structural headwinds," stated a Kering executive during the Q3 earnings call. As a case study in experiential and sustainable luxury, the Gansevoort boutique eschews traditional digital marketing in favor of a curated in-store library and the ‘Certificate of Craft’ program, which offers lifetime repairs. By prioritizing longevity and artistic dialogue over logo-centric trends, the brand successfully targets a discerning consumer base that is increasingly immune to ‘luxury fatigue.’
A premier Italian luxury house specializing in leather goods, ready-to-wear, and accessories. Bottega Veneta was founded in 1966 in Vicenza. The brand is the pioneer of the ‘When your own initials are enough’ philosophy, centered on its iconic Intrecciato leather-weaving technique. The house operates as a core subsidiary of the French group Kering, which acquired the brand in 2001.
