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":"3f81f1c923fe291e5127b495ab9d03f2","s":"0f3675edee3fd754"}
Gucci entered the mainland China market in 1997. Image credit: Shutterstock