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Gucci sales tumble 25% as Kering woes persist
Challenges at luxury group’s biggest brand underscore the challenge facing new boss Luca de Meo
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ft.com
Gucci sales tumble 25% as Kering woes persist
Challenges at luxury group’s biggest brand underscore the challenge facing new boss Luca de Meo
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cnbc.com
Gucci sales plunge 25% in the second quarter as woes persist at luxury giant Kering
Gucci sales, which make up nearly half of total group revenues, plunged 25% over the quarter to 1.46 billion euros.
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Saks creditors suffer as high debt and slowing sales weigh on finances
Luxury retailer has pitted lenders against one another to secure financial lifelines as it teeters on edge of default