Gucci Sales Slump Continues as Luxury Group Seeks Turnaround
Luxury group Kering has reported a 24% drop in Gucci sales for the fourth quarter, despite its efforts to stabilize the brand after a leadership change. The news follows the departure of head designer Sabato de Sarno last week. Kering CEO Francois-Henri Pinault said the company has reached a “point of stabilization” and expects growth … Read more