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Alibaba (NYSE:BABA), (PPRUF) - Alibaba Ropes In Gucci To Attract Brand-Conscious Chinese Shoppers

Share: Alibaba Group Holding Ltd (NYSE: BABA) said in a statement Friday that the fashion brand Gucci — owned by Kering SA (OTC: PPRUF) — would be launching two flagship brands on its luxury e-commerce platform. What Happened: Guccis line would be available on Alibaba’s Tmall Luxury Pavillion, where the Jack Ma-led company said it has managed to gather high-end luxury-good companies that were previously skeptical of online retail.  Gucci’s first store would open on Dec. 21 and the se...
Luna Wang Salvatore Ferragamo Alibaba Group Holding Ltd Bain Company De Beers Tmall Luxury Division

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