executive Laurent Cathala as president of Greater China fashion business. In a research note, RBC analysts Piral Dadhania and Richard Chamberlain said the target of 15 billion euros implied a compound annual growth rate of 9% between now and 2027, “which appears achievable to us in the context of Gucci’s brand elevation strategy, focus on leather goods and rebalanced positioning between fashion and heritage.”Ĭalling it the “right strategy,” they said Kering management attributed Gucci’s underperformance in China to the absence of a local manager, a situation that has been addressed with the hire of former Tiffany & Co. It plans to increase store space thanks to a 15% network expansion and store enlargements, and has almost completed the process of culling its wholesale network as part of a brand elevation strategy. Having achieved its target of raising sales density to 45,000 euros a square meter, Gucci is striving for a further 30% increase, the document said. Gucci plans to increase the proportion of leather goods in its sales mix, and expand its Gen-Z clientele with aspirational categories, while simultaneously reinforcing the high-end offer to seduce mature customers. In the first quarter of 2022, revenues increased by 13.4% on a comparable basis, impacted by COVID-19 lockdowns in China.ĭetailing its action plan for medium-term growth, hinged on fashion and timeless products, Kering said it saw strong growth potential in the men’s and travel categories. These days, that is almost equivalent to the brand’s sales in the Americas alone, Kering noted.īut Gucci’s sales have been yo-yoing lately, rising 3.8% in the third quarter of 2021, then vaulting by 31.6% in the fourth quarter. Its revenue at the time was 3.9 billion euros. Gucci has seen exponential growth since 2015, when Alessandro Michele took over as creative director and Marco Bizzarri as CEO. Keep scrolling to find 24 of the best headbands to compliment every look imaginable.Kelly Clarkson Goes '90s Grunge With The Chicks in Dark Floral Dress & Crystal-Trim Booties on Talk Show And this season’s sleeper hit, woven raffia, will bring a summertime spin to this favorite closet staple. Formal events and black-tie affairs are the perfect time to go for the over-the-top embellished shapes, adorned with rhinestones and baubles galore. Everyday outings call for easy cotton styles in dainty florals or silky scarf prints. So whether you are trying to make a blowout last one extra day, or looking to add a little extra pizzazz to an ensemble, the best headbands can be the perfect fix to any hair emergency or outfit dilemma. Most recently, Amanda Gorman chose a bold, puffy red Prada satin topper for her poem recitation at the 2021 presidential inauguration, putting the headwear favorite back on the map again for the modern decade. Taking on many shapes over the years, we’ve seen Carolyn Bessette-Kennedy’s street style–worthy tortoise set the tone for minimalist dressing in the ’90s, and Blair Waldorf’s enviable collection of bows and bedazzled bands create a frenzy in the ’00s. GUCCI YA126273 G Timeless Quartz Analog Navy Chronograph Mens WatchBrand: GucciType: WristwatchPre-Owned The BIDHAUS.
Photographed by Peter Lindbergh, Vogue, October 2012Īs iconic as they come, the best headbands are an accessory that never seems to lose their fashion clout.
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