GUCCI sees no impact from financial crisis, yet is prepared for future effects

Italian luxury house GUCCI, owned by French based PPR Group has not yet seen any impact on its business from the global economic turmoil but confirms it is prepared to react quickly and cut costs if sales slowed, its chief executive Patrizio di Marco told Le Figaro today. 

Di Marco advised on a "Plan B" that could see it delaying store improvement work while sticking to its store opening program. "We are not seeing a slowdown in our growth at this time… we cannot rule out an impact (of global economic woes) on our local markets," he said. "2012 may be difficult, but we must keep on investing for the medium and long-term."