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Gucci sales plunge as Kering woes persist
Gucci accounts for about half of Kering’s sales and two-thirds of operating profits. A turnaround at the brand has stalled and performance across the rest of the group has also deteriorated amid a global slowdown in luxury demand. Sales at Yves Saint Laurent, the second-largest brand, were also down by 10 per cent in the quarter.
Gucci sales plunged as shoppers turned away from Kering’s largest brand that’s undergoing a second design revamp in three ...
In the second quarter, Kering and Gucci continue to decline, achieving results below already poor expectations, while Hermès ...
The company’s beauty arm, Kering Beauté, bucked the overall downturn in income as first-half revenues rose 9% to €150m through strong sales of Creed fragrances ...
Kering's Q2 results confirm ongoing crisis: group revenue fell 15% y/y, with Gucci sales plunging 25% and no signs of ...
The VIP dinner, with a host committee including Salma Hayek Pinault and Madonna, supports organizations that address ...
Gucci’s parent, Kering Group, has reported a 15 per cent decline in second-quarter to 3.7 billion euros (US$4.27 billion), ...
Shares in Kering rose on Wednesday with analysts suggesting investors are looking past another weak quarter of earnings at ...
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