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That’s despite a sector-wide slowdown has slammed luxury labels industrywide, including Louis Vuitton parent LVMH, headed by billionaire Bernard Arnault, and Gucci parent Kering. Tight inventory ...

A week after LVMH announced dismal third-quarter earnings and a day after Kering reported a 15% year ... "It's a little bit of schizophrenia," he added. Where many luxury brands have increasingly ...

KERING warned that its annual profit will fall to the lowest level since 2016 as a slump in Chinese demand for luxury goods hampers a turnaround of the French fashion group’s biggest label, Gucci.

PARIS, Oct 24 (Reuters) - Shares in Gucci-owner Kering (PRTP.PA), opens new tab rose on Thursday, shrugging off the French luxury goods company's warning that 2024 operating income would almost ...

Gucci just had a bad quarter, and Kering is attributing the lackluster performance to a slump in its Asia Pacific market. The Italian luxury brand saw a 25% drop in quarterly revenue as compared ...

Hermès and Kering are a case in point. In a sector that has so far posted an organic revenue decline of 2 per cent, according to Luca Solca at Bernstein, Hermès defied the slowdown with an 11.3 ...

Kering saw significantly lower sales in the third quarter, with Gucci posting the largest decline due to challenging market conditions in Asia Pacific. Kering’s sales fell 15 per cent to €3.79 billion ...

Welcome to the Kering 2024 Third Quarter Revenue Conference ... On Gucci, could you please give us a bit of color on October trends, especially as new handbags have been launched.