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":"a757942d64c46a115881d30f5095af5d","s":"0208d9dcfd973144"}
Gucci entered the mainland China market in 1997. Image credit: Shutterstock