Gucci Group Summary

Gucci Group Summary Gucci Group sells French fashion. Its products include handbags and disparate leather good, shoes, off-the-shelf clothing, ties, and watches. For the fiscal year ended January 2003, the defraud along generated revenues of $2,738 million, a 19.8% increase on 2002 revenues that were $2,285 million. Gucci has intimately one hundred eighty companion-owned and franchised stores worldwide. Gucci also owns or so of French fashion house Yves attention Laurent. French retailer PinaultPrintemps-Redoute (PPR) owns 53% of Gucci after buying agree LVMHs stake. Gucci Group is headquartered in Amsterdam, Netherlands. Gucci is the world-re nowned multi- snitch luxury goods party, which operates through now owned stores, duty-free boutiques, leading department stores franchise stores and distinguishing characteristic stores in major markets worldwide. The company enjoys strong brand candour across the world, which has been helping the company to with stand economic downturns. Guccis attractive marketing and promotional strategies is a major engage 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 personal line of credit 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 ille gally takes advantage of the prestigiousnes! s of the companys brands and harms its identity, tradition, and brand image. Especially, the companys products identical 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 system to fight against this problem. Gucci is keenly looking at the South eastmost Asian...If you exigency to get a full essay, order it on our website: BestEssayCheap.com

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