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Handbag sales and lockdown easing sees LVMH revenues soar irishtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from irishtimes.com Daily Mail and Mail on Sunday newspapers.
Gucci sales slide for another quarter, as pandemic ends years of growth Bloomberg Gucci sales fell for a fourth quarter, ending years of expansion as the luxury brand and growth motor of the global luxury group Kering struggled amid renewed COVID-19 lockdowns in Europe. Revenue at the Italian luxury brand dropped 10 percent on a comparable basis to 2.28 billion euros (US$2.75 billion) in the three months through December, Kering said yesterday. Analysts had expected a 7.2 percent decline. People line up outside a Gucci store on Via Condotti, Rome, on Dec. 19 last year. Photo: Reuters Gucci has been reducing its wholesale footprint as it bets this strategy would enable it to better control its image, as well as the pricing of its leather handbags and other items. ....