By
Reuters
Reuters
Published
Apr 1, 2009
Apr 1, 2009
Gucci CEO sees satisfactory Q1
By
Reuters
Reuters
Published
Apr 1, 2009
Apr 1, 2009
MILAN, April 1 (Reuters) - Fashion house Gucci has had a satisfactory trend in the first quarter, Chairman and Chief Executive Patrizio Di Marco said in an interview in Italian financial daily Il Sole 24 Ore published on Wednesday April 1.
![]() Gucci store, Sloane Street in London |
Di Marco gave no detailed figures for the first quarter, though he said that there was a structural change in consumer habits in the luxury sector in the United States where there is a reluctance to be ostentatious.
"If I analyse the luxury market conditions and of the competition, I am satisfied by the trend in the first quarter," he said.
Di Marco said he had never seen a crisis like this, which "hits all brands, all distribution channels, all countries and all cities".
Parent company Gucci Group is owned by France's PPR SA (PRTP.PA). (Writing by Nigel Tutt; Editing by David Holmes)
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