Gucci has signed a joint venture with its long-standing franchise partner Gmt Investcorp. The agreement has already led to the opening of a new boutique in Johannesburg, at Nelson Mandela Square, in the Sandton area. The boutique was inaugurated on May 23. The Italian luxury brand has another shop in South Africa, at the Waterfront Victoria Wharf in Cape Town. Both stores sell the complete Gucci men's and women's collections, including clothing and accessories. The new boutique in Sandton has a surface of more than 600 square meters, twice that of the store in Cape Town.