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Kering Warns Profit to Tumble Following Gucci Woes in China
Bloomberg· 2 days agoKering SA warned that profit will plunge in the first half of the year as the crisis at Gucci, its...
Kering shares plunge as Gucci slowdown seen hitting profits by up to 45%
Morningstar· 1 day agoKering shares fell 8% on Wednesday after the French fashion house said it expects to see its profits drop by up to 45% in the first half of 2024 driven by a decline in revenue ...
Kering shares sink 9% after profit warning on declining Gucci sales
CNBC· 1 day agoShares of French luxury group Kering sank more than 9% at open on Wednesday, after the company...
Gucci's owner is having a terrible year. The company's profit and stock have slumped as Asia sales...
Business Insider· 1 day agoGucci, Kering's largest brand, saw an 18% decline in revenue in the first quarter.
Here’s why Hermes, Burberry, and Kering stocks have diverged | Invezz
Invezz· 9 hours agoIn France, Hermes (RMS) stock price has surged to a record high while Kering (KER) has plunged to...
Kering Profits to Plummet 40-45% in First Half
The Business of Fashion· 2 days agoKering’s first-half profits are likely to drop by 40 to 45 percent, the French owner of Gucci and Saint Laurent said Tuesday. The group provided the...
Kering Profits Expected to Tank in First Half of 2024
Fashionista via Yahoo Finance· 2 days agoGucci seemingly bore the brunt of these losses, with the brand's revenue down down 21% in Q1 2024,...
Gucci, the King of Comebacks, Has More Challenges Ahead
Bloomberg· 1 day agoKering’s flagship brand burned so bright for so long. Its shift from cutting-edge to classic will...
Gucci owner Kering struggles to revive the luxury fashion house, shares slip after it issued its...
Fortune· 1 day agoKering’s 20% share slump this year contrasts with gains by French rivals LVMH and Hermes International. Kering is struggling to revive the fortunes of Gucci ...
Gucci's Hangover Saps Kering's Stock
The Wall Street Journal· 1 day agoLuxury-goods giant Kering isn’t alone in struggling with the knock-on effects China's economic doldrums. But the French conglomerate's woes also stem...
