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":"bfc6c9cfc53b3dfc7f0da78bc08500e9","s":"697af2b29445206c"}
Gucci entered the mainland China market in 1997. Image credit: Shutterstock