PARIS Dec 2 Luxury brand Gucci
has not seen any impact on its business from global economic
woes but it would be prepared to react quickly and cut costs if
sales slowed, its chief executive said in a newspaper interview.
Patrizio di Marco told Le Figaro that Gucci, part of French
luxury and retail group PPR, had a "Plan B" that could see it
delaying store improvement work while sticking to its store
"We are not seeing a slowdown in our growth at this
time...(But) we cannot rule out an impact (of global economic
woes) on our local markets," he said. "2012 may be be difficult,
but we must keep on investing for the medium and long-term."
Asked whether he was satisfied with Gucci's perfomance in
France, di Marco said: "France is a difficult market. The brand
is not known as much as it should be. Gucci must be the first
Italian luxury brand that the French have in mind. We still have
a growth potential,"
To boost brand awareness, Gucci plans to open seven selling
points in Galeries Lafayette stores across France.
(Reporting by Dominique Vidalon; Editing by Dan Lalor)