Kering shares plunge as Gucci slowdown seen hitting profits by up to 45%
Kering KER, -7.60% shares, listed on the Euronext Paris stock exchange, fell 8% on Wednesday having lost 44% of their value over the previous 12 months following a slump in its profits caused by a slowdown in the luxury sector.
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The House of Gucci has released the Gucci Lido collection, which nods to the coastal living style in Italy featuring new ...
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Gucci’s Jackie bag has taken on many guises since its debut back in 1961. Even its name has been changed: it was originally ...
The stock slid as much as 8.9% in early Paris trading to the lowest since 2018. Kering’s 20% share slump this year contrasts ...
Shares of European rival Burberry also fell. Gucci is grappling with the lingering hangover from Kering jettisoning of Alessandro Michele, the star creative director whose trend-making designs ...
Creative director Sabato De Sarno's sleek Gucci vision (and budding mythology) is distilled into a Milan Design Week project.
Kering's stock dropped more than 8% on Wednesday morning. Gucci, the largest of Kering's brands, saw the biggest drop in ...
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