Gucci accounted for more than $3 billion of Kering’s H1 2020 revenues. Image courtesy of Gucci
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.