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Published 13 days ago

Profit fears as Gucci sales plunge

Summary by The Standard

French luxury group Kering, which owns Gucci brand, warned that first-half profit might plunge up to 45 percent due to decreasing demand from mainland Chinese. Its first-quarter sales declined as wealthy shoppers curbed spending on products from its star label Gucci. Sales were down 10 percent on a...

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Profit fears as Gucci sales plunge

French luxury group Kering, which owns Gucci brand, warned that first-half profit might plunge up to 45 percent due to decreasing demand from mainland Chinese. Its first-quarter sales declined as wealthy shoppers curbed spending on products from its star label Gucci. Sales were down 10 percent on a...

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