Kering anticipates 10% sales drop

PARIS: French luxury giant Kering said on Tuesday it is anticipating a 10-percent drop in year-on-year sales in the first quarter due to a decline in the performance of its flagship brand, handbag-maker Gucci. “This performance primarily reflects a steeper sales drop at Gucci, notably in the Asia-Pacific region. Gucci comparable revenues in the first […]

T Kauer T Kauer
Mar 21, 2024 - 01:06
Kering anticipates 10% sales drop

Kering anticipates 10% sales drop thumbnail

Scroll Up

PARIS: French luxury giant Kering said on Tuesday it is anticipating a 10-percent drop in year-on-year sales in the first quarter due to a decline in the performance of its flagship brand, handbag-maker Gucci.

“This performance primarily reflects a steeper sales drop at Gucci, notably in the Asia-Pacific region. Gucci comparable revenues in the first quarter are expected to be down by nearly 20 percent year on year,” the luxury group said in a statement.

Register to read this story and more for free.

Signing up for an account helps us improve your browsing experience.

Continue

OR

See our subscription options.

Already have an account? Log in here

This website uses cookies. By continuing to browse the website, you are agreeing to our use of cookies. Read More.

Read More