French luxury and lifestyle company Kering said its priority is to give “fresh impetus” to its flagship brand Gucci, as business at the label took a deep dive in the first quarter.
Kering To Give Priority To Gucci As Sales Dive
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Tue, 04/21/2015 - 9:40am
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BING NEWS:
- Gucci's Hangover Saps Kering's Stock
Gucci's collection on display in Milan in February. The brand has struggled under Creative Director Sabato de Sarno. (Claudia Greco/Reuters) Luxury-goods giant Kering isn’t alone in struggling ...
04/24/2024 - 11:59 am | View Link - Kering's shares dive 9% as Gucci falters
First-quarter sales at Kering declined 10%, the company reported after the market close on Tuesday, as wealthy shoppers curbed spending on products from its star label Gucci, reflecting a wider ...
04/24/2024 - 1:04 am | View Link - Shares in Gucci owner Kering sink after profit warning
Shares in Kering fell more than 8 per cent on Wednesday morning after the French luxury group said it expected sharply lower profits in the first half of 2024 as sales at its top brand Gucci sank.
04/23/2024 - 1:00 pm | View Link - Gucci-owner Kering posts 10% drop in Q1 sales on sluggish Chinese demand
FRENCH luxury group Kering reported a 10 per cent drop in first-quarter sales on Tuesday (Apr 23), dragged down by a slowdown at its star label Gucci, which suffered from weakness in Asia while ...
04/23/2024 - 1:00 pm | View Link - Gucci Owner Kering Expects Sharp Drop in Operating Profit After China Weighs on Sales
Kering expects sharply lower operating profit in the first half after sales slumped in the first three months as the company grapples with sluggish demand, particularly in China. The French luxury ...
04/23/2024 - 7:05 am | View Link - More
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