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":"3dd11cba100c7ec18fd42e43f4a7a0f5","s":"1cef605d5ba2581f"}
Gucci entered the mainland China market in 1997. Image credit: Shutterstock