ITALY: Gucci In $182 Million Store Expansion
Luxury fashion and goods retailer Gucci Group NV on Friday revealed plans to invest $182 million in dozens of new stores around the world and said it had fully acquired the brand's operations in Taiwan. The company said at a news conference Taiwan that 35 of the new outlets - half of the 70 planned - would be based in Asia. One of its top executives described the expansion plan as "ambitious and aggressive".
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