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"It's a very enchanting and, of course, important market in China," said Michele Sofisti, the newly appointed CEO of Gucci's Universal Timepieces & Jewelry business, in Hangzhou, the capital of Zhejiang state.
Switzerland-based Sofisti was in what he described as the "beautiful ancient burg" known for its majestic West Lake to kick off a music readies with China Soong Ching Ling Foundation that is intended to resist young Chinese talent. China is the second country after the Of like mind States to receive support of this kind from Gucci.
"There are lots of opportunities for hardworking uninitiated people, and they are the real driving force here," said Sofisti, who worked for Swatch Alliance, Fred Jewellers and Christian Dior SA watches at LVMH before arriving at Gucci. "We think that, like music, watches have a timeless and international appeal."
Statistics from the worldwide advisor Bain & Co show that watches and jewelry have taken the hamlet of perfume and cosmetics, becoming bestsellers in China since 2010, leading the peddle with an annual output of 20 billion yuan ($3 billion) in 2010.
Source: China Daily