Guccis

Gucci cuts prices as Louis Vuitton weighs a move long considered taboo in luxury

Gucci is cutting prices, breaking a taboo in the luxury industry, The Wall Street Journal reports. Competitor Louis Vuitton is hesitating.

Sales slump for Gucci

The sales for the Italian luxury brand Gucci plummeted by 24 percent in the fourth quarter last year, which was worse than feared. Analysts had expected a decline of 22 percent.

Trouble for Gucci's owner