PARIS — Faced with a fast-changing landscape in China, Gucciis ditching the rapid expansion model of recent years for an “à lacarte” approach to retail and merchandising.
François-HenriPinault, chairman and chief executive officer of Gucci parent companyPPR, said the group saw a rebound in sales of luxury goods in China inthe fourth quarter of 2012 following a slowdown earlier in the year,when consumers reined back conspicuous spending ahead of Communist Partyleadership elections.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)