Gucci Wrist Watches

Gucci is one of the world's leading purveyors of personal luxury goods. In 2000, Gucci generated nearly US$ 1.5 billion in revenues and over US$ 400 million in operating profit before amortization of goodwill.

Through its Fashion and Accessories activities, Gucci sells leather goods (handbags, small leather goods and luggage, watches), shoes, ready-to-wear, ties and scarves, jewelry, eyewear and perfume. The company manufactures and sources all products in Italy and licenses the production and distribution of eyewear, perfumes and men's ready-to-wear. The distribution network includes directly operated stores ("DOS") and franchised stores throughout the world and doors in select duty-free boutiques and department and specialty stores. In 2000, Gucci Watches Fashion and Accessories generated over US$ 1.25 billion in revenues and finished the year with 143 DOS and 43 franchised stores.
Through Gucci Timepieces, located in Neuchatel Switzerland, the company assembles and distributes Gucci brand timepieces. Watches, which number more than one dozen distinct models, are distributed in all major markets around the world. In 2000, Gucci Timepieces and wristwatches generated approximately US$ 240 million in revenues.

Amsterdam, The Netherlands, February 07, 2003: Gucci Group N.V. (Euronext Amsterdam: GCCI.AS; NYSE: GUC) today announces that Brian Blake, Executive Vice President, Gucci Group, has been appointed President and Chief Executive Officer of Boucheron in Paris and President of Gucci Group Watches in Neuchâtel. Blake reports to Domenico De Sole, Chief Executive Officer of Gucci Group.

Gucci Group N.V. is one of the world's leading multi-brand luxury goods companies. Through the Gucci, Yves Saint Laurent, Sergio Rossi, Boucheron, Roger & Gallet, Bottega Veneta, Bédat & Co., Alexander McQueen, Stella McCartney and Balenciaga brands, the Group designs, produces and distributes high-quality personal luxury goods, including ready-to-wear, handbags, luggage, small leather goods, shoes, timepieces, jewelry, ties and scarves, eyewear, perfume, cosmetics and skincare products. The Group directly operates stores in major markets throughout the world and wholesales products through franchise stores, duty-free boutiques and leading department and specialty stores. The shares of Gucci Group N.V. are listed on the New York Stock Exchange and on the Euronext Amsterdam Stock Exchange.