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":"08284e2fa2cad0437c856aa57c10809a","s":"81710fe02d1426c9"}
Gucci entered the mainland China market in 1997. Image credit: Shutterstock