Gucci could be Kering’s greatest strength and liability in China
Posted By a Luxury Daily columnist On In Apparel and accessories,Featured,Industry sectors | No 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","iv":"122aa22dbe17dde639c201c33c415f8b","s":"567b29ac1c236735"}
Gucci entered the mainland China market in 1997. Image credit: Shutterstock