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0 · kering stock forecast
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Kering's shares slumped on Wednesday and are set for their worst day on record after the French luxury goods company warned that first quarter sales at its star label Gucci . Luxury stocks tumbled Wednesday after a profit warning from Gucci parent Kering laid bare a sharp slowdown in once soaring demand for high-end goods, especially in China. Kering's shares slumped on Wednesday and are set for their worst day on record after the French luxury goods company warned that first quarter sales at its star label Gucci would drop by around.
Luxury stocks tumbled Wednesday after a profit warning from Gucci parent Kering laid bare a sharp slowdown in once soaring demand for high-end goods, especially in China. Luxury stocks tumbled Wednesday after a profit warning from Gucci parent Kering laid bare a sharp slowdown in once soaring demand for high-end goods, especially in China. Kering shares tumbled on Thursday after the Gucci owner reported a sharp drop in second-quarter sales and said it could see a 30% slump in firm-wide profits in the second half of 2024.
Kering’s price per share on Euronext Paris reached a high of 2 on Tuesday before reporting and opened at 5 on Thursday, the day after, a 15% drop. Yet beneath the headlines, Gucci’s. Kering SA shares plunged after the French luxury group warned that sales at its Gucci brand have fallen about 20% in the first quarter as its brash look loses favor with Chinese shoppers.
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The luxury fashion brand on Wednesday reported a 20% drop in sales and a 44% fall in operating profit for the first half of the year as efforts to revive the label’s fortunes stumbled. Kering SA warned that its annual profit will fall to the lowest level since 2016 as a slump in Chinese demand for luxury goods hampers a turnaround of the French fashion group’s biggest label, Gucci.Kering is a French multinational holding company specializing in luxury goods, headquartered in Paris. It owns the brands Yves Saint Laurent, Gucci, Balenciaga, Bottega Veneta, Creed and. Shares in French luxury conglomerate Kering dropped 11.9 per cent after falling sales in Asia for its Gucci brand triggered a rare profit warning. The company’s shares fell sharply on Wednesday.
Kering's shares slumped on Wednesday and are set for their worst day on record after the French luxury goods company warned that first quarter sales at its star label Gucci would drop by around. Luxury stocks tumbled Wednesday after a profit warning from Gucci parent Kering laid bare a sharp slowdown in once soaring demand for high-end goods, especially in China. Luxury stocks tumbled Wednesday after a profit warning from Gucci parent Kering laid bare a sharp slowdown in once soaring demand for high-end goods, especially in China.
Kering shares tumbled on Thursday after the Gucci owner reported a sharp drop in second-quarter sales and said it could see a 30% slump in firm-wide profits in the second half of 2024.
Kering’s price per share on Euronext Paris reached a high of 2 on Tuesday before reporting and opened at 5 on Thursday, the day after, a 15% drop. Yet beneath the headlines, Gucci’s.
Kering SA shares plunged after the French luxury group warned that sales at its Gucci brand have fallen about 20% in the first quarter as its brash look loses favor with Chinese shoppers.
The luxury fashion brand on Wednesday reported a 20% drop in sales and a 44% fall in operating profit for the first half of the year as efforts to revive the label’s fortunes stumbled.
Kering SA warned that its annual profit will fall to the lowest level since 2016 as a slump in Chinese demand for luxury goods hampers a turnaround of the French fashion group’s biggest label, Gucci.Kering is a French multinational holding company specializing in luxury goods, headquartered in Paris. It owns the brands Yves Saint Laurent, Gucci, Balenciaga, Bottega Veneta, Creed and.
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