Italian fashion giant Gucci Group N.V. will open more stores in Japan and introduce new brands this year, Gucci Group President Domenico De Sole said Wednesday at a news conference in Tokyo.
Gucci Group earned $406 million (about 48.72 billion yen) in sales from the Japanese market, about 18 percent of its global revenue, in 2000. But De Sole, who is also the group's chief executive officer, declined to disclose a sales target for Japan for this year.
Gucci alone earned the group $326 million from Japan in 2000, up 38 percent from the previous year.
De Sole said Gucci Group plans to open 22 stores here and introduce new brands, including Alexander McQueen and Stella McCartney, by the end of this year.
Gucci Group is comprised of several luxury fashion brands, including Yves Saint Laurent and Boucheron.