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(Reuters) -S&P Global has revised its credit outlook for luxury goods group Kering S.A. to negative from stable, the ratings ...
French luxury group Kering reported Tuesday a 46 percent plunge in net profit during the first half, with sales slumping ...
About 1,000 unionized Gucci employees are threatening to strike over unpaid welfare bonuses promised by parent company Kering ...
Gucci accounts for about half of Kering’s sales and two-thirds of operating profits. A turnaround at the brand has stalled ...
The French luxury group on Tuesday booked revenue of $4.29 billion for the second quarter, 18% lower than in the prior-year ...
Gucci owner Kering , reported on Tuesday a 15% drop in quarterly revenues, falling short of market expectations, with its ...
Kering, the owner of Gucci, on Tuesday reported lower second-quarter financial returns than what was expected, pointing to ...
Shares in Kering rose on Wednesday with analysts suggesting investors are looking past another weak quarter of earnings at ...
Kering's Q2 results confirm ongoing crisis: group revenue fell 15% y/y, with Gucci sales plunging 25% and no signs of ...
Kering struggles with declining revenue and margins amid industry shifts. Click here for a full investment analysis.
Gucci sales, which make up nearly half of total group revenues, plunged 25% over the quarter to 1.46 billion euros.
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Inquirer Business on MSNGucci owner Kering reports 46% drop in first-half net profitFrench luxury group Kering reported Tuesday that its net profit plunged 46 percent during the first half, with sales falling ...
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