Bloomberg on Nostr: How Gucci Fell Off the Catwalk ========== Gucci, a legendary Italian luxury brand, ...
How Gucci Fell Off the Catwalk
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Gucci, a legendary Italian luxury brand, fell from its rarefied perch. In 1999, French conglomerate Kering bought Gucci out from under LVMH. Over time, Kering became overly reliant on Gucci for sales, while LVMH diversified and soared in value to $450 billion, ten times that of Kering.
https://www.bloomberg.com/news/articles/2024-05-02/video-how-gucci-went-from-luxury-icon-to-sales-bin-staple
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Gucci, a legendary Italian luxury brand, fell from its rarefied perch. In 1999, French conglomerate Kering bought Gucci out from under LVMH. Over time, Kering became overly reliant on Gucci for sales, while LVMH diversified and soared in value to $450 billion, ten times that of Kering.
https://www.bloomberg.com/news/articles/2024-05-02/video-how-gucci-went-from-luxury-icon-to-sales-bin-staple