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":"c82d90f3d499f6655e0482012a06a1d2","s":"2c446c7ad980bfa0"}
Gucci entered the mainland China market in 1997. Image credit: Shutterstock