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Kering reports 10% revenue decline as gucci weakness weighs on group performance
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Kering reports 10% revenue decline as gucci weakness weighs on group performance
Kering has reported a 10% decline in third-quarter revenue to US $ 3.63 billion, as continued weakness at its flagship brand Gucci dragged on overall performance. The French luxury group said sales at Gucci fell 14%, with store revenues down 13% and wholesale business plunging 25%. Despite the downturn, the results mark a slight improvement […] The post Kering reports 10% revenue decline as gucci weakness weighs on group performance appeared fir…
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