Gucci Slump Continues to Weigh on Kering’s Sales Performance
Kering, the prestigious French luxury conglomerate, is facing significant hurdles, with Gucci, its flagship brand, continuing to experience a troubling decline. The company reported a 12% drop in its fourth-quarter sales, primarily driven by a 24% fall in Gucci’s performance. Despite its efforts to revitalize the brand, Gucci’s slump has weighed heavily on Kering’s overall […]