Uniqlo tops Gucci in revenue for first time

While global demand for luxury goods continues to soften, affordable fashion brands focused on value and quality are gaining ground. In a striking shift in the retail landscape, Japan’s Fast Retailing Co., the parent company of Uniqlo, has surpassed Kering, the French luxury powerhouse behind Gucci, Bottega Veneta, and Saint Laurent, in annual revenue for the first time, Azernews reports, citing Korean media.
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