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":"ae9aa79e7b39c19690f7115b98b423ef","s":"50256c2fdf3d907c"}
Gucci entered the mainland China market in 1997. Image credit: Shutterstock