Apr 24, 2024, 10:30 AM
Apr 23, 2024, 3:50 PM
Kering warns of significant profit decline as Gucci sales plummet
- Kering, the luxury group behind Gucci, expects a sharp 40-45% drop in first-half profit.
- Gucci sales are declining, causing a significant impact on Kering's overall performance.
- Investors react by causing Kering shares to plummet by 9% after the profit warning.
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