Gucci Group Summary

Gucci Group Summary Gucci Group sells French fashion. Its products include handbags and contrary leather good, shoes, off-the-shelf clothing, ties, and watches. For the fiscal year ended January 2003, the sportsman along generated revenues of $2,738 million, a 19.8% increase on 2002 revenues that were $2,285 million. Gucci has intimately clxxx companion-owned and franchised stores worldwide. Gucci also owns intimately of French fashion house Yves idolize Laurent. French retailer PinaultPrintemps-Redoute (PPR) owns 53% of Gucci after buying match LVMHs stake. Gucci Group is headquartered in Amsterdam, Netherlands. Gucci is the world-re instantaneouslyned multi- marque luxury goods party, which operates through now owned stores, duty-free boutiques, leading department stores franchise stores and forte stores in major markets worldwide. The company enjoys strong brand fairness across the world, which has been helping the company to withstand economic down turns. Guccis attractive marketing and promotional strategies is a major energise ahead growth driver. The emphasis has been on building brand lawfulness and developing exclusivity for its brands. One of the key strengths of the Gucci is its well-balanced line of work portfolio. The companys business is well distributed across most of its business segments and geographies.

For instance, company derives over 50% of its revenues from outside atomic number 63 including the US, Asia including Japan, and other countries. Gucci has been hit by the counterfeiting of goods, which illegally takes advantage of the prestigiousness of the companys brands and! harms its identity, tradition, and brand image. Especially, the companys products ilk handbags, watches etc perplex been adversely affected by the counterfeiting, which takes place globally. though the company has been weightlifting the counterfeiting, there definitely exists a greater bring to have an effective brand protection strategy to fight against this problem. Gucci is keenly looking at the South eastbound Asian...If you exigency to get a full essay, order it on our website: BestEssayCheap.com

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