International: June 29, 2001

In a recent speaking engagement, Mexico’s president Vicente Fox publicly acknowledged that his country’s economy is in recession; analysts project economic growth in Mexico in 2001 to hover between 1.3 and 2.0 percent...Gucci Group and Ermenegildo Zegna have struck a deal for a men’s fragrance under the Zegna brand; Gucci will develop, manufacture and distribute the fragrance, which is set for a 2003 launch.