The American luxury brand founded by former Gucci creative director Tom Ford nearly two decades ago is working with Goldman Sachs Group to explore a potential sale at a value that could reach billions of dollars, Bloomberg reported.
Former Gucci president and CEO Domenico De Sole is chairman of the company.
High-income consumer spending was among the first categories to recover post-pandemic, bouncing back completely by March 2021 to a level that was 11% over pre-pandemic spending. Luxury purchases…
