On: Gucci owner Kering issues profit warning after China sales slump

[PaulHoule]

It seems more that people don't think they can afford Gucci bags than that they don't want to have them. Note luxury brands have been on a tear lately, as this guy

https://en.wikipedia.org/wiki/Bernard_Arnault

is currently the richest person in the world.

[jqpabc123 → PaulHoule]

Or maybe they just don't feel the need to afford Gucci bags.

China makes a lot of these "luxury" goods which may tend to dilute the brand mystic in their market.

And they often make similar "replica" products for domestic consumption using the same materials and the same workers in the same factories.

The only thing really missing is the label and the outrageous price tag.

www.businessoffashion.com/articles/china/chinas-factory-brands-clones-counterfeits