Gucci Expanding In Asia

As well in this year, Gucci opened its first store in Azerbaijan, along with a shop in Yekaterinburg, 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, vtr.org.vn an independent research institute based in New York.

The expansions come amid luxury brands’ continued strong focus on China and phượng hoàng cổ trấn more established Asian markets. Gucci has now 28 stores in mainland tour phượng hoàng cổ trấn từ hà nội China, while Bottega Veneta, also part of the Gucci Group, has seven.