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Kering warns on profits after Gucci sales fall almost 20%

24 July 2024
in Business
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Kering warns on profits after Gucci sales fall almost 20%
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Kering recently issued a profit warning after Gucci experienced a nearly 20% decline in sales. This decrease in revenue from their key brand led to concerns about the overall financial performance of the luxury goods group. The company’s stock fell sharply in response to the news, highlighting the potential impact of Gucci’s sales on Kering’s bottom line.

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