French luxury group Kering warned Tuesday that Gucci sales look set to fall 20% in the first quarter as declining Asia sales continue to weigh on the fashion…
Shares of French luxury group Kering plunged 14% on Tuesday after the company warned that Gucci sales look set to fall 20% year-on-year in the first quarter, amid declining Asia transactions.
Kering plunged to the bottom of the Stoxx 600 after a delayed open, dragging other European luxury lines LVMH, Christian Dior, Hermes and Burberry with it.plunged 14% on Tuesday after the company warned that Gucci sales look set to fall 20% year-on-year in the first quarter, amid declining Asia transactions.
Kering plunged to the bottom of the Stoxx 600 after a delayed open, dragging other European luxury lines with it.
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