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Gucci
Top Brands Buzzing China's Top Social Media Outlets
(Source: Wall Street Journal)
Gucci, Louis Vuitton and Coach battle for supremacy in consumer buzz in China. . . . keep reading
Chinese Luxe Smugglers Arrested for Tax Avoidance
(Source: China Daily)
Customs officials in Hangzhou, China, announced they arrested eight suspects for evading taxes on the importation of international luxury brands into the Chin . . . keep reading
Gucci Sales Slump 10% in Quarter
(Source: LuxuryBrandNetwork.com)
In the third quarter of 2009, sales of Gucci Group dropped by 10.0% on a comparable basis. Sales in directly operated stores posted robust performances, while wholesale activities suffered from the economic difficulties facing department stores and franchisees. . . . keep reading
Gucci Continues China Expansion
(Source: London Guardian)
Gucci CEO Patrizio Di Marco will not slow down China expansion plans, despite the current economic climate. The company just opened its 28th Chinese location and plans to end the year with between 30 and 32 stores. . . . keep reading
Gucci Group Sales Up 21% in Emerging Markets
Despite a comparable store sales decrease of 3.4% globally for the quarter ended 31 March, the Gucci brand itself showed tremendous resilience. Sales for Gucci-branded merchandise rose 1% on a comparable basis while revenue for Bottega Veneta, Yves Saint Laurent and the Group's other brands all fell. . . . keep reading
Gucci Revenue Flat for Quarter; Will Sell Watchmaker Bedat & Co.
(Source: LuxuryBrandNetwork.com)
Gucci Group, the luxury division of French conglomerate PPR, reported a revenue rise of 0.2% (excluding the impact of currency fluctuations) to €931.8 million for the fourth quarter of 2008. For the full year, revenue rose 8.1%. . . . keep reading
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