Gucci, Kering

Gucci slump continues to weigh on Kering
By Mimosa Spencer and Tassilo Hummel PARIS (Reuters) -Luxury group Kering's fourth quarter sales were hit by a continued slump at its main brand Gucci, it said on Tuesday, but a slight improvement in the group's performance in major markets China and the United States buoyed investors.
Gucci Parent Kering Posts Revenue Slump
Gucci owner Kering’s revenue fell by less than analysts expected in the fourth quarter, at a time when some peers have pointed to signs of a rebound in luxury demand.The French luxury group booked revenue of 4.
Kering hit by weak sales at Gucci
Kering’s sales fell 12 per cent on an organic basis in the fourth quarter to €4.39bn. At Gucci, which typically accounts for about half of group sales and two-thirds of profits, sales fell 24 per cent to €1.92bn in the quarter, missing analyst expectations, while operating income for the full year fell 51 per cent to €1.6bn.
Gucci sales slump continues as Kering seeks new designer
French luxury group Kering reported a 12% drop in fourth quarter sales on Tuesday, dragged lower by its Italian brand Gucci, but flagged a slight improvement in major markets China and the United States.
Gucci sales tumble as Kering turnaround fails to take shape
GUCCI quarterly sales tumbled as Kering’s biggest label struggles to emerge from an extended demand downturn. Read more at The Business Times.
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