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Kering See Profile
As Gucci’s sales plunge amid economic headwinds and new leadership.
The luxury conglomerate’s market capitalization declined by approximately €7.9 billion EUR, as Gucci sees steep sales declines in key markets.
The multinational luxury conglomerate saw sales decline by 6% in the fourth quarter of last year.
Gucci, the group’s largest brand, saw sales fall by 14% at reported exchange rates.
Seán McGirr’s appointment at Alexander McQueen sparked a bigger conversation about diversity at Kering and by extension, the rest of the industry.
Stay up to date on the latest industry headlines.
By investing in local manufacturers and producers.
The longstanding label hit upwards of $273 million USD in revenue over the past year.
Expressing “ageless wear.”
A three-year program dedicated to training the teams and educating the French house on child protection.
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