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Dec. 22, 2024
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Commerce

Kering issues profit warning as Gucci sales drop

March 21, 2024

Luxury shares tanked following the unscheduled announcement on Tuesday. Image credit: Kering Luxury shares tanked following the unscheduled announcement on Tuesday. Image credit: Kering

 

By Luxury Daily News Service

French luxury conglomerate Kering is preparing investors for a sobering Q1 earnings report.

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  1. Estée Lauder Cos. establishes new fragrance innovation hub in Paris
  2. Accor developing Sofitel Diamond Crown Hai Phong in Vietnam
  3. Wearables, AI at forefront of 2025’s digital trends: IMG
  4. Off the Cuff: A Q&A with Aston Martin's Marek Reichman
  5. The RealReal opens retail location in Houston
  6. Happy Holidays!
  7. BMW sets record with funds raised for education at playoff event
  8. Mercedes-Benz rolls out AI-enhanced MBUX Voice Assistant
  9. Luxury Unfiltered: Reclaiming luxury leadership when client expectations shift
  10. Luxury Unfiltered: Burberry is on the brink of self-destruction as it taps a new CEO
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