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.
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