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".

Gucci Group NV's president and CEO, Domenico De Sole, also reaffirmed its 2002 guidance and said it sees earnings down 4.6 per cent year-on-year to $2.4 billion.