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Late entrant Gucci to tighten its grip on e-commerce operations

Across the luxury goods industry as a whole, e-commerce accounts for around 10 percent of business today and should reach 25 percent of sales by 2025

Sarah White & Pascale Denis | Reuters  |  Paris 

Kering, owner of brands including Gucci, will tighten its grip on its e-commerce operations, focusing on its own branded sites to sell its luxury products or ventures where it can control its image and client data. After shifting into online shopping later than more accessible fashion labels, many luxury groups are now investing heavily in e-commerce while working on ways of retaining as much control of distribution and pricing as possible - two elements that help them maintain their aura of exclusivity. Kering had already said it would wrest back control of web operations for ...

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First Published: Fri, June 07 2019. 14:38 IST