Tag: $Kering

Kering shares tumbled on Thursday after the Gucci owner reported a sharp drop in second-quarter sales and said it could see a 30% slump in firm-wide profits in the second half of 2024.

 Kering’s shares slumped on Wednesday, after the French luxury goods company warned it expected a 40% to 45% plunge in first-half operating profit.

Shares of French luxury group Kering plunged 14% on Tuesday after the company warned that Gucci sales look set to fall 20% year-on-year in the first quarter, amid declining Asia transactions.