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Gucci suffers damage in Russia
At the end of 2023, the Russian division of the Italian fashion house Gucci lost 1.71 billion rubles, which is 10% more than in 2022.
The brand suspended sales in 2022 in Russia, but retained its legal entity and reduced its staff. The company uses workarounds to sell products. Gucci continued to trade within the framework of the sanctions “package” through multi-brand stores and in duty-free areas of airports.
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