Gucci Sales Fall 4% in Q4 2023, Kering’s Total Revenues Continue to Weaken
Kering
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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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The longstanding label hit upwards of $273 million USD in revenue over the past year.
