French luxury giant Kering said Thursday its sales and net profit fell in 2023, warning its investment strategy will weigh on results this year as it refocuses its business around its flagship brand Gucci. Looking ahead, Kering warned that its investment strategy will weigh on the group's full-year operating income.
Luxury conglomerate Louis Vuitton Moët Hennessy (LVMH) has published its financial report for the past financial year, announcing a strong increase in revenue.
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