- Luxury Daily - https://www.luxurydaily.com -

Kering estimates Q1 revenue to drop 13-14pc over COVID-19 fallout

Saint Laurent commiserating message over the COVID-19 coronavirus fallout. Image credit: Saint Laurent Saint Laurent commiserating message over the COVID-19 coronavirus fallout. Image credit: Saint Laurent

 

French conglomerate Kering, hit by the coronavirus fallout, estimates that its first-quarter revenue ending March 31 will be down 13 percent to 14 percent in reported terms and around 15 percent compared to the year-ago period.