Gucci press

While the other luxury brands are busy concentrating their forces, Gucci is sweeping the board and speeding up its development in China.
It’s reported by Financial Times that the global profits of Gucci only increased by 0.2% in 2008, but in China its sale increased by 42%.What’s more, in 2009, Gucci set up several special shops and flagship stores in the hope to make a fortune in 2009 again.
Last year, because of the financial crisis, the sale of gucci bags went into the winter. The news about depreciating and concentrating the forces were never stopped. The professional insiders said, under the intimidation from the financial crisis, China will become the last haven of luxury.
“We also didn’t have enough self-confidence before Gucci was imported successfully.” said Xiao Zhou, the general manager of Wuhan International Plaza Shopping Centre. He indicated that the cost of luxury depends on the rich. According to his estimate, after Gucci opens grandly in this year, it will bring the sale of 50 million to 60 million one year at least.