Gucci could be Kering’s greatest strength and liability in China
Posted Bya Luxury Daily columnistOn In Apparel and accessories,Featured,Industry sectors | No 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","iv":"3e925471d4dbaafe724a341956624ee9","s":"d672bc24ea9ebd2f"}
Gucci entered the mainland China market in 1997. Image credit: Shutterstock