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The Business of Fashion Podcast

Marco Bizzarri on China’s Role in Gucci’s $10 Billion Plan | Inside Fashion

The Business of Fashion Podcast

The Business of Fashion

Business, Fashion & Beauty, Arts

4.5813 Ratings

🗓️ 16 November 2018

⏱️ 25 minutes

🧾️ Download transcript

Summary

Marco Bizzarri sits down with Imran Amed at the BoF China Summit to uncover how much of Gucci's success hinges on the Chinese consumer and how he plans to leverage the market to achieve his lofty revenue target.

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Transcript

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0:00.0

How long can this growth last?

0:05.0

Forever. I don't think Gucci is in a fashion cycle.

0:09.0

The idea from the very beginning was very much to have product that are exclusive,

0:14.0

but to create a culture of inclusivity.

0:16.0

When you think about the growth in this market, What have been the key drivers here?

0:21.6

I think in China, here and now is more important than the past.

0:25.6

We need to reduce the control-freak attitude that is typical of the Western manager.

0:29.6

The world today is much more flexible and if you resonate and you talk in a way that is authentic,

0:34.6

with the right narrative, it was a passion, then you can really change the strategy.

0:39.3

Hi, this is Imran Ahmed, founder and CEO of the Business of Fashion,

0:43.8

and welcome to a very special edition of Inside Fashion on the B.O.F.

0:48.8

A few months ago, earlier this year in March,

0:51.3

I had a chit chat with Marco Bitsari

0:53.8

that was one of the most popular episodes on the podcast this year in March, I had a chit-chat with Marco Bitsari that was one of the most

0:55.1

popular episodes on the podcast this year. And so we're delighted to welcome Marco Bitsari's CEO of Gucci

1:02.2

back to the Bof podcast this time in a conversation I had with him at Shanghai at the annual BOF

1:09.3

China Summit. There's been a lot of conversation

1:11.4

this year about the Chinese market and whether we can continue to expect it to grow. Well,

1:15.8

Marco had all the answers and he also told me why thus far Gucci has stayed away from joining

1:21.4

platforms like T-Mall and J.D.com. So here's Marco Bizzari inside fashion at the BOF China Summit in Shanghai.

1:32.8

So Marco, the Gucci business has basically doubled since 2015, and the whole industry has been

1:41.8

watching. And I'm going to start by asking you the question that everybody asks me,

...

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