Gucci-Owner Kering’s Sales Continue to Fall as New Boss Strives to Turn Things Around
NegativeFinancial Markets

Kering, the owner of Gucci, has reported a concerning 10% drop in revenue for the third quarter, highlighting the challenges the luxury brand faces. This decline comes as new CEO Luca de Meo aims to revitalize the company and regain market momentum. The situation is significant as it reflects broader trends in the luxury market and the difficulties brands encounter in adapting to changing consumer preferences.
— Curated by the World Pulse Now AI Editorial System