Gucci owner Kering drops 11% as luxury braces for tough winter
Only social or community posts, or a single source.
What happened
Riots in Paris added to the woes faced by luxury brands. (Reuters pic) LONDON: Shares in Gucci owner Kering dropped 11% on Friday after the group reported further sales declines, but said it would stick with CEO Luca de Meo's turnaround plan and accelerate store closures, aiming for 125 by year-end. (Free Malaysia Today, 15:59)
The reporting
1 report
Photo: Free Malaysia Today Free Malaysia Today·News·EN·23 Oct, 15:59 MYTGucci owner Kering drops 11% as luxury braces for tough winter
Riots in Paris added to the woes faced by luxury brands. (Reuters pic) LONDON: Shares in Gucci owner Kering dropped 11% on Friday after the group reported further sales declines, but said it would stick with CEO Luca de Meo's turnaround plan and accelerate store closures,…
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Attention graph
Timeline
- DetectedFirst detected (Free Malaysia Today) source
Where it started
How it spread
- Step 1News outletsFree Malaysia Today15:59
Internet reaction
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What we know
- Covered by 1 established outlet(s): Free Malaysia Today
What we don’t know
- Independent confirmation is missing; treat specifics as unverified
- Only one source so far
All sources (1)
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