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 […]
Tomas Kauer - News Moderator 
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.
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