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Kering Plans Store Reduction and Reduced Reliance on Gucci for Growth Recovery

Kering CEO outlines strategy to revive growth by downsizing retail network and diversifying beyond its flagship Gucci brand.

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Terms & Concepts
  • Retail network downsizing: A corporate strategy involving the reduction of the number of physical stores to optimize costs and improve efficiency.
  • Gucci: A luxury fashion brand owned by Kering, known for high-end apparel, accessories, and footwear.