Kering Warns Profit to Tumble Following Gucci Woes in China




First-half recurring operating income set to fall by up to 45%.


Company’s biggest label, Gucci, is undergoing a turnaround.


Kering SA warned that profit will plunge in the first half of the year as the crisis at Gucci, its biggest brand, deepens.

Recurring operating income will drop between 40% and 45% in the first six months, Kering said in a statement Tuesday. That’s after comparable sales at Gucci tumbled 18% in the fi



Fuente de nota e imagen: https://www.bloomberg.com/news/articles/2024-04-23/kering-warns-profit-to-tumble-following-gucci-woes-in-china