|
CNBC'S MOST SHARED
- Investing in Tech Now
- Apartment Vacancy Rate Hits 22-Year High
- Software Giants Rush to Cash In on Carbon-Trading
- Warren Buffett's Complete Sun Valley CNBC Interview - Transcript and Video
- What You'll See On My NASCAR Documentary Tonight
- Warren Buffett Tells CNBC Consumer Sales Remain "Very, Very Soft"
- Warren Buffett: Economy Needs Another Dose of Viagra
- Preparing for Retirement
- Lenny Dykstra - What Went Wrong?
- Nikkei on Track to Break 6-Day Losing Streak
- SEC, CFTC to Police Over-the Counter Derivatives
- AIG Prepares to Pay More Bonuses to Executives
- China Demands Currency Reform, France Backs Debate
- IEA Sees Global Oil Demand Bouncing Back in 2010
- UBS Can't Comply with US Request: Internal Memo
- Treasury Sold Warrants Below Market Value: Panel
- New Inquiries into Murdoch Paper Phone Hacking Case?
- China Accuses Rio Staff of Bribing Steelmakers
- Assets Are Less Toxic, but Banks Have Other Troubles
- Warren Buffett's Complete Sun Valley CNBC Interview - Transcript and Video
- Warren Buffett Tells CNBC Consumer Sales Remain "Very, Very Soft"
- July 10th in Market History
- Microsoft Plays a Game of Bing Pong
- Options Smell 'Blood' on Infosys
- Christmas in July: Consumers To Out-Scrooge Scrooge
- GM's Second Chance
- Art Cashin: Traders Weigh Obama Policy Changes
- Warren Buffett: Economy Needs Another Dose of Viagra
.ll_medium.jpg)
Text Size 
Luxury goods maker Gucci, owned by French retailer PPR sees double-digit growth in 2007 and aims to open more stores in Asia and eastern Europe, the label's chief executive, Mark Lee, said on Tuesday.
Gucci registered 10 percent growth in the first nine months of the year, Lee said, adding "we expect to close 2007 with double-digit growth."
The group has increased the number of stores it has in China to 16 from four at the end of 2004 and now aims to open new ones in places such as Macau as well as Bangalore in India.
"We will continue opening new stores in places like China. We'll also open some new stores in India, eastern Europe," Lee told reporters on the sidelines of a fashion and luxury goods event in Milan. "We have lots of projects, lots of activity."
Gucci will also open a new flagship store in New York in the first months of 2008, which will be its biggest store.
Lee said U.S. dollar weakness against the euro was a concern. "It's a concern, it's been a concern, we're managing it," he said.
Lee did not give an overall figure of how many stores the group would open but cited Prague and Hungary as potential venues as well as three new stores in India.
"India is seven to eight years after China ... It will be a very important future market," he said.
Print
Email
Data is a real-time snapshot *Data is delayed at least 15 minutes