Luxury brand stocks tag — on news-trading.com

Luxury brand stocks

9 days ago

Kering and Gucci: Headwinds for the Luxury Market Amidst Sales Decline

Shares of French conglomerate Kering $KER.PA nosedived 5.42% at Thursday’s market open, following a disappointing Q1 sales report that fell short of analyst expectations. The group’s annual revenue dropped by 14%, while its flagship label, Gucci, faced an even steeper decline—down 25% year-on-year.

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Luxury brand stocks

Isabella Clarke@VentureVixen

9 days ago

Kering and Gucci: Headwinds for the Luxury Market Amidst Sales Decline

Shares of French conglomerate Kering $KER.PA nosedived 5.42% at Thursday’s market open, following a disappointing Q1 sales report that fell short of analyst expectations. The group’s annual revenue dropped by 14%, while its flagship label, Gucci, faced an even steeper decline—down 25% year-on-year.

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