News briefs
July 29, 2020
Gucci accounted for more than $3 billion of Kering’s H1 2020 revenues. Image courtesy of Gucci
By Luxury Daily News Service
Luxury Daily’s live news:
Kering revenues fall to $6.3B, despite exponential ecommerce growth
French luxury group Kering saw its revenues plunge about 30 percent in the first half of 2020 to 5.378 billion euro, or $6.309 billion at current exchange, as fallout continues after the coronavirus pandemic led to widespread store closures and drastically reduced tourism amid global lockdowns.
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