Kering warns H1 operating profit to tumble as Gucci sales fall :
#Frenchluxury #group #Kering (EPA:#PRTP) expects a 40% to 45% plunge in first-half operating profit, it said on Tuesday, after first-quarter sales declined as wealthy shoppers curbed spending on products from its star label Gucci. Sales for the three months ending in March stood at 4.5 billion euros ($4.82 #billion), down 10% on a comparable basis. […]
Kering warns H1 operating profit to tumble as Gucci sales fall : Read More »