Kering Reports Continued Decline in Q3 Earnings, States Chinese Consumption Down 35%
Luxury goods conglomerate Kering has recently released its Q3 2024 earnings report, showing a significant 25% drop in revenues for its Italian luxury brand Gucci, which recorded a revenue of €1.641 billion (approximately 16.41 billion euros) on a constant currency basis during the period. Gucci is responsible for nearly half of Kering’s revenue. As a … Read more