Kering hit by weak sales at Gucci
Sales at French luxury group Kering have been weighed down by weak performance at its biggest brand Gucci, as investors wait for a new designer to be named to lead a stalled turnaround. Kering’s sales fell 12 per cent on an organic basis in the fourth quarter to €4.
Francois-Henri Pinault, Kering SA’s chief executive officer, said he doesn’t expect an improvement in Chinese demand this ...
Kering earned $4.52 billion in the fourth quarter 2024, better than predicted but still a 12 percent drop year-over-year.
Despite a sharp drop in revenue, the French luxury group Kering saw a surprising rally in its stock price yesterday.
Kering SA's revenue decline reverses as new products drive recovery. Performance in non-Gucci brands strengthens outlook.
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Kering SA (PPRUF) reports a challenging year with a 12% revenue decline, while emphasizing long-term brand health and ...
NET-INCOME FORECAST: Analysts forecast full-year net profit of 1.335 billion euros, according to the same consensus, compared with 2.98 billion euros in the prior year. Shares have dropped roughly 42% ...
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Signs of Stabilization at Gucci Boost KeringRevenue at Gucci, Kering SA's biggest label, fell 24% on a comparable basis in the final quarter of last year, but ...
Bottega Veneta was a bright spot, with a 12 percent rise, but the brand is also set for a shift following the departure of ...
Kering’s fourth-quarter results revealed a significant hit to profits, largely driven by sluggish sales at Gucci, its ...
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