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.

Despite the rises, company officials are worried that the continued slowing of the Japanese market and the downturn in the US market will have a knock-on effect on the rest of Asia.