Luxury
Gucci Strikes China Gold, Thanks to ‘Moonlight Clans’ Who Spend It All
Gucci’s brand is worth more than ever—thanks in part to young, spendthrift shoppers in China eager to shell out everything they earn on $2,900 velvet clutches or $1,400 crystal-studded sunglasses. The value of Gucci’s label jumped a whopping 66 percent, to $22.4 billion, in 2018, according to a report by…
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Click here to read the full story: Bloomberg