Gucci Lido tote bag and straw bucket hat. With summer fast approaching and thoughts of the Italian coastline in your head, you might want to dip your toe into Gucci's latest Lido collection.

Hold onto your Gucci bucket hat. With the middle class cutting back, the luxury industry is realising that it’s all about selling to the 1%. On Tuesday, Gucci-owner Kering SA said third-quarter ...