Gucci terminated 152 licenses for YSL products, halting a slide in quality and reputation.
Ready-to-wear collection was relaunched under the aegis of Gucci creative director Tom Ford.
Opened 27 new stores, hiking own-store sales by over 100% since August. Plans to add an additional eight in 2002.
Introduced new line of leather goods. Restructured $475 million perfume and cosmetics division.