Tuesday, 9 June 2009

Gucci Casts A Wider Net In China – 7/6/09

Gucci continues its expansion into China with plans to open several new stores before the end of this year. After celebrating the recent grand opening of their 28th store in China, Gucci’s CEO Patrizio di Marco told Reuters, "we're not planning to scale back, especially considering the future importance of this market. He also said, "look at a country like China. To have 28 stores, or to think of having 40 stores, is not excessive at all."


Di Marco seems confident of China’s role in Gucci’s future. And with good reason – last year, sales of Gucci in China, Hong Kong and Macao jumped 41.5 percent and helped to drive 8.1 percent revenue growth. At the moment at least, Gucci can do no wrong in China.
Posted by MO at 8:42 am
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Melinda O’Rourke is the founder and Director of MO Luxury, a dynamic, Sydney-based management firm specialising in luxury brands and services. Melinda and her associates at MO work with local and international brands across prestige retail, fashion, fine jewellery, timepieces and specialised services. Melinda is well-connected, well-read, and well-versed in the demands of the luxury market and its client base. Her advice is firmly based in objectivity and ultimately, accountability. Melinda offers constructive counsel and both strategic and creative thinking and is able to draw upon a strong network of specialised talent to compliment the MO Luxury team as needed. Melinda enjoys excellent industry relationships and is regularly quoted in the business and fashion media. Read more about MO Luxury, www.moluxury.com.au