Gucci Beauty opens first boutique in Singapore
What: In the high-end shopping centre ION Orchard, Gucci Beauty has unveiled its first store.
Why it is important: The beauty boutique opening follows Kering’s Q3 results showing single-digit growth for Gucci, leading to continued efforts to revitalise the brand, which generates more than half of Kering’s total revenue despite now being below the performance of the group’s other brands.
Gucci is focusing on acceleration through its relaunch which centres around timeless products and gaining greater visibility in the Asian markets. Coty has announced that a second Gucci Beauty store will open in 2023.
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