BloombergBillionaire Pinaults Fight To Pull Gucci Off The Discount Rack
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Billionaire Pinaults Fight To Pull Gucci Off The Discount Rack
Some investors and analysts are questioning whether CEO François-Henri Pinault is the right man to overhaul Gucci’s parent Kering at this critical juncture.
(Bloomberg) -- On a recent Friday afternoon, shoppers at a Gucci boutique waded through heaps of heavily discounted, past-season merchandise: Yellow pumps, furry slippers, flamboyant jackets and bright green clutches. A sale of that sort at an outlet in a nondescript suburb of Paris, near Disneyland, would be unthinkable for rival purveyors of luxury like Louis Vuitton, Chanel and Hermès.