What calls for special attention is that the global horology spectacle known as Baselworld 2016 has officially kicked off with the world’s finest watchmakers all congregating to one place. Renowned Italian fashion house Gucci is one of the first brands to step out of the wood work to showcase their latest timepieces at this glamorous event.
Category: Gucci Fashion
What calls for special attention is that sluggish sales of watches have left a blotch on luxury goods maker Kering’s copybook, with the owner of brands like Gucci and YSL revealing that watches were the only part of its portfolio that didn’t grow last year.
And that, the Paris-headquartered outfit said its watch brands were left to pay for soft demand and adverse currency effects in spite of its overall luxury goods business growing an impressive 16% to €7.8 billion (£6.1 billion) in 2015.