Gucci Expanding In Asia

As well in this year, Gucci opened its first store in Azerbaijan, tour phượng hoàng cổ trấn along with a shop in Yekaterinburg, tour phượng hoàng cổ trấn a city of 1.3 million in central Russia. “For global luxury brands, any market with sufficient critical mass of affluent and wealthy consumers, or an anticipated critical mass of affluence in the next 10 years, should be a strategic imperative,” said Milton Pedraza, chief executive of the Luxury Institute, an independent research institute based in New York.

The expansions come amid luxury brands’ continued strong focus on China and vtr.org.vn more established Asian markets. Gucci has now 28 stores in mainland China, while Bottega Veneta, also part of the Gucci Group, has seven.