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Gucci: an icon of luxury in its lowest hours

Summary by El Pais
Kering is going through a bad moment, even its president, François-Henri Pinault, admits.The French luxury empire, one of the most important groups in the sector, launched a profift warning to the market warning of an evolution of sales in the first quarter of the year 10% below the forecast a few months ago.The bad breakdown is not new and is mainly due to the bad results in the Asian region of its trademark, Gucci, mainly in China.In addition …

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El PaisEl Pais
Lean Left

Gucci: an icon of luxury in its lowest hours

Kering is going through a bad moment, even its president, François-Henri Pinault, admits.The French luxury empire, one of the most important groups in the sector, launched a profift warning to the market warning of an evolution of sales in the first quarter of the year 10% below the forecast a few months ago.The bad breakdown is not new and is mainly due to the bad results in the Asian region of its trademark, Gucci, mainly in China.In addition …

·Spain
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El Pais broke the news in Spain on Saturday, April 13, 2024.
Sources are mostly out of (0)
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