Kering adds to hope of luxury recovery as it stems sales declines
Gucci owner reports better than expected 5% drop in third quarter sales in first set of results under new CEO
Gucci owner reports better than expected 5% drop in third quarter sales in first set of results under new CEO

Sales at luxury group’s biggest brand Gucci have fallen sharply in an industry-wide downturn

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Challenges at luxury group’s biggest brand underscore the challenge facing new boss Luca de Meo

Luca de Meo says agreement with L’Oréal will be first of several big moves to refocus luxury group on Gucci turnaround

LVMH’s third-quarter sales provided evidence of a turnaround in the sector’s fortunes

Deal includes rights to develop products under Gucci, Bottega Veneta and Balenciaga labels