Luxury Brand: Gucci banks on private 'salons' for the ultra-rich

Luxury Brand: Gucci is banking on new ultra-high-end "salons" offering merchandise priced at up to $3 million to help narrow a widening gap with rival Louis Vuitton as it waits for its new creative director to arrive.

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Gucci banks on private 'salons' for the ultra-rich to revive sales

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