Utilize the input text as a context reference, choose the right relationship between Gucci and fashion from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

So as you know, there is kind of an investor debate about the fashion cycle being correlated to the economic cycle and the pendulum between classic and baroque, and baroque and classic, and Gucci being obviously a very baroque brand in theory according to this thesis it would be more impacted in an economic downturn.

Answer: industry