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(Reuters) Gucci’s new chief in China will lay out his technique to revive the label’s gross sales in the important thing Asian market within the subsequent few weeks, the finance chief of dad or mum firm Kering mentioned on Thursday.
Gucci gross sales in China had been unfavourable within the third quarter, Kering mentioned, with out giving a exact determine. Gucci introduced the appointment of Laurent Cathala, beforehand a high govt at U.S. jeweler Tiffany & Co for rising markets, as its new president of Larger China style enterprise in April.
Supply: Reuters; Reporting by Silvia Aloisi, enhancing by Mimosa Spencer October 20, 20229:51 AM PDT
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