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":"d8a0505e88087f2b2e2aca861d9d8fd1","s":"0dad840a19b2de04"}
Gucci entered the mainland China market in 1997. Image credit: Shutterstock