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Kering Shares Drop After Gucci Slump Prompts Profit Warning

(Bloomberg) Kering SA shares tumbled after the luxury group warned that profit will plunge in the first half of the year on slumping sales at Gucci, its biggest brand. Most Read from BloombergTaylor Swift Is Proof That How We Critique Music Is BrokenBiden’s New Chopper Is Demoted After Scorching White House LawnTech Giants Roar as Tesla Spikes in Late Hours: Markets WrapBillionaire Pinaults Fight to Pull Gucci Off the Discount RackRay Dalio’s Famous Trade Is Sputtering, Investors BailingThe s

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Kering (KER) Shares Drop After Gucci Slump Prompts Profit Warning

Kering (KER) Shares Drop After Gucci Slump Prompts Profit Warning
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Prada and Miu Miu Get a Boost From China as Rival Gucci Struggles

Prada and Miu Miu Get a Boost From China as Rival Gucci Struggles
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Gucci owner Kering struggles to revive the luxury fashion house, shares slip after it issued its second profit warning for 2024

Kering warned that recurring operating income will drop between 40% and 45% in the first six months of this year.

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European Stocks Close Notably Higher On Encouraging Data, Rate Cut Hopes

European Stocks Close Notably Higher On Encouraging Data, Rate Cut Hopes
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