CEO Of Kai Yun Group Talks About China'S Anti-Corruption And Tax System.

This week, Gucci

Kering SA (KER.PA), chief executive officer of Kai Yun group, Fran SA ois-Henri Pinault, Francois Henry Pino, in an interview with reporters, on China's anti-corruption and taxation system,

Electricity supplier and Puma

Let's talk freely.

For the new Chinese government's anti-corruption since the end of 2012, Fran ois-Henri Pinault, said Pinot noo, has a negative impact in the short term, but in the long run, it may be the right decision for China or for investors who invest in China.

Small Pino said that the current emerging economies all reached their peak and could no longer surpass themselves, usually because of the imperfect legal system.

Fran ois-Henri Pinault Pinault said that the gift market has not disappeared in China and will not disappear. However, it is unsustainable to use gifts for corruption and build commerce on gifts and corruption.

After eighteen, Pino once visited China with her father, Fran OIS Pinault, Francois Pino (old Pinot), and donated the two bronze artifacts of the twelve water laws of the Old Summer Palace to China.

Before returning the bronze beast to China, the famous family Christie Pino s, Christie's, became the first foreign auction house to get an auction license in China.

The donation has also become a hot topic. There are comments that Kering SA Kai Yun group is trying to narrow the relationship with China and help the development of luxury goods in China.

However, Kering SA, the biggest brand Gucci of Gucci group, recorded a comparable sales decline in the 2013 and 2014 fiscal years, while the Chinese luxury market also declined for two consecutive years.

Kering SA Open Cloud group owns Bottega Veneta Bao butterfly home, Saint Laurent Saint Laurent, Balenciaga Paris family, Stella McCartney, Alexander McQueen, Boucheron, PERREGAUX, PERREGAUX, Puma and other brands.

Along with anti-corruption and the price of Chinese luxury goods which are usually higher than European 30%-80%, Chinese consumers spend 70% of their luxury consumption on Europe, the United States and neighboring Japan, Korea and Hong Kong and Macao markets.

In this regard, Fran ois-Henri Pinault small Pino believes that China's high taxes do make Chinese consumers tend to consume luxury goods overseas, but for Kering SA group, the high tax also prohibits some third party platforms from selling luxury goods in China.

Fran C ois-Henri Pinault little Pino said Kering SA group is not just selling products, but also selling brand and brand value. If it is in parallel market, the latter two will disappear completely.

After Gucci Gucci replaced CEO and creative director, Fran ois-Henri Pinault Pino said that the Italy brand will be better and better under the new leadership.

As of the 2015 fiscal year of December 31, 2015, the total revenue of Gucci Gucci brand was 3 billion 898 million euros, up 11.5% from the same period last year, a 0.4% increase from the base, and the first increase since the 2013 fiscal year.

In the first quarter of this year, Gucci Gucci continued to increase its speed. In January 2016 -3, the brand increased by 3.1%, much higher than the average 1% of the industry, while its rival Louis Vuitton, Louis Weedon, Burberry bolboy, Dior Dior and so on did not stagnate or regress. Only Herm s s grew faster than that of Gucci Gucci during the same period.

In the first quarter, the Western European market, which accounted for 28% of the total, was the biggest driver of Gucci Gucci brand growth in the first quarter. During the period, the retail revenue of the market increased by 20%, while the Japanese market increased by 1%. The strong dollar made the US market a 5% decline in the first quarter, while the largest market in Asia Pacific (except Japan) fell 2%. The Asia Pacific (except Japan) market accounted for 35% in the first quarter, and the downturn in Hong Kong and Macao markets in the market was the main reason.

During the period, 88% of retail business revenue increased by 3%, wholesale business increased by 10%, while authorized business decreased by 31%.

Gucci Gucci CEO Marco Bizzarri said earlier this month that the brand's future goal is to sell 6 billion euros a year.

{page_break} Fran ois-Henri ois-Henri Pinault Pinault said that the Gucci Gucci brand is growing rapidly after repositioning, and there will be more categories in the future. All categories before the end of this year will fully reflect the talent of designer Alessandro Michele.

He said that the faster the brand grows in highly competitive market share, the better it will become.

Marco Bizzarri also pointed out in particular that the design of Alessandro Michele Michele is winning a large number of young customers, as well as the old customers of Gucci in 80 and 90s: "we see that the local consumers who have never patronized (Gucci) in the past 20 years have returned to the store of Gucci, although the (Alessandro Michele dominated new product) has only 15 months, but word of mouth is very good."

According to Fran ois-Henri Pinault Pinault, little Pino said, Gucci Gucci's new series of women's wear apparel has increased by 66%.

For luxury goods to consider the electricity supplier, Fran C ois-Henri Pinault, Xiao Pino is firm.

He said the luxury industry could not bear the consequences of not thinking about the electricity supplier problem, but he also said that the online pformation process is continuous. Kering SA Kai Yun group has been considering how to provide consumers with the same service and experience in online channels.

In 2012, Kering SA opened a joint venture between cloud group and Italy Yoox SpA, responsible for the former six luxury brands online businesses.

In addition, Fran ois-Henri Pinault Pinault said that it will increase the budget of online advertising input, because online advertising can reach a wider population. Although its actual consumer groups are much smaller, it is necessary to communicate with more people, "sometimes even with people who may never buy your products, because this is part of dreams and honorable feelings."

In the interview, Fran Pino Pinault ois-Henri also talked about the Puma SE (PUMG.DE) Puma, which has been sold for a long time.

He said that the Kering SA Kai Yun group will not sell the German group in the next two years.

Fran ois-Henri Pinault Pinault Pinot Noir admitted that Puma Puma SE had problems, but the group was gradually recovering under the leadership of the new management and is now on the right track.