CHINA: Gucci Chief Expects Slowing Of Asia Sales
Gucci president and chief executive Domenico De Sole has announced that he is expecting a slow down in sales from the flagship Gucci unit in Asia, reports the Asian Wall Street Journal. According to the report, sales throughout Japan last year reached $336m, 33 per cent higher than in any other of Gucci's markets. Sales throughout the rest of Asia rose 23 per cent to $267m, making a combined total of almost 40 per cent of Gucci's $1.5bn sales worldwide.
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