There is an interesting article in the Wall Street Journal (9/24/07). The CEO of the
Gucci Group is interviewed about his strategies for the company. Apparently Gucci Group owns BV, YSL and Balenciaga. (I know LV also owns a bunch of premier brands too.)
In the article he is asked if he is afraid that the smaller brands, like BV, in the Gucci Group will overtake the Gucci brand.
He says: Customers appreciate and acquire the brands for different types of reasons. Bottega veneta is timeless quality for very sophisticated clients who don't appreciate logos on the outside of their bags. Gucci customers love it when there's a logo on the bag, on the shoe, or visible in the ready to wear. These are different segments of customers. There is almost no overlap.
So, we BV fans are sophisticated and we like timeless quality. WORKS FOR ME!
But 'no overlap".....guess he hasn't seen the collections on tpf!!!!!!
BTW, he also says the YSL brand, previously faltering, is doing really well.