Overall, Kering’s sales were down 11% in the six-month period.
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.
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By investing in local manufacturers and producers.
The longstanding label hit upwards of $273 million USD in revenue over the past year.
A three-year program dedicated to training the teams and educating the French house on child protection.