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A newer New York flagship for Gucci opened in 1980 at 685 Fifth Avenue, just across 54th Street, and the Gucci store at the Elizabeth Arden Building became a secondary branch selling shoes and luggage. [71] The old Gucci space was leased to Façonnable in 1993. [72]
Over half of Board-level positions at AllSaints are held by women and, for the past three years, the company has had no median gender pay gap. [40] In the year to February 2020, AllSaints’ revenues grew 10% to reach £364.1m. In the same period, operating profit rose 161% to £9.4m, making it the best financial performance in the brand's history.
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China will consume half the global market value of luxury goods. [20] [21] Consolidation: Consolidation involves the growth of big companies and ownership of brands across many segments of luxury products. Examples include Kering, LVMH, and Richemont, which dominate the market in areas ranging from luxury drinks to fashion and cosmetics. [22]
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