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":"9f9f3452d96e7f54c729bfd0d53c59be","s":"a51900dd4c8a0ff7"}
Gucci entered the mainland China market in 1997. Image credit: Shutterstock