Kering aims to double profitability in turnaround push
Sales at luxury group’s biggest brand Gucci have fallen sharply in an industry-wide downturn
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Luca de Meo says agreement with L’Oréal will be first of several big moves to refocus luxury group on Gucci turnaround
Gucci sales tumble 25% as Kering woes persist
Challenges at luxury group’s biggest brand underscore the challenge facing new boss Luca de Meo
For Gucci-owner Kering, cost-cutting is an up-and-coming trend
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Kering agrees €4bn sale of beauty division to L’Oréal
Deal includes rights to develop products under Gucci, Bottega Veneta and Balenciaga labels
Luxury discounting on the rise as years of price increases bite
As much as 40% of designer goods were sold at steep markdowns this year, analysts say