Reduced US spending no reason to revise financial forecast – Gucci chairman
09/04/2001
The Italian fashion house Gucci said last week that it does not believe the slowdown in the U.S. economy or continuing stagnation in Japan will force it to downgrade its financial forecasts for 2001.
In an address to investors at a Bank of America consumer goods conference in New York, chief executive officer Domenico de Sole said he had yet to see any serious decline in spending on Gucci's shoes, fashion, jewellery or perfume lines.
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