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2025-02-11 09:08:01
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npub1vap2usgr7nawhqexfk247ap0nfs34jqpjrxqqslrkv3rrrx8aessgrwc3nSeen on
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2025-02-11 09:08:01Event JSON
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"Kering's luxury group reported a 12% decline in sales for the fourth quarter, mainly due to a slump in Gucci's sales, which continued to weigh on the group's performance. However, the company showed a slight improvement in major markets China and the US, with sales in mainland China and among Chinese shoppers globally rising by 6 percentage points compared to the third quarter. The French conglomerate sacked Gucci designer Sabato de Sarno last week as part of its efforts to revive the label, which accounts for nearly half of group sales and about two thirds of recurring operating profit."
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