Gucci Is Latest Luxury Goods Brand to Slash Prices in China

(Beijing) – The French luxury brand Gucci recently started offering large discounts to customers in China, following similar moves by other companies to lower prices.

On May 27, Gucci started selling some items, including shoes, garments and purses, for half off. Brands such as Chanel, Prada, Dior, Lancome and Cartier have also lowered their prices this year.