A Gucci retailer, operated by Kering SA, within the Sanlitun space of Beijing, China, on Saturday, Oct. 12, 2024.
Bloomberg | Bloomberg | Getty Pictures
French luxurious items agency Kering on Tuesday reported better-than-expected fourth-quarter sales that had been nonetheless down year-on-year amid lagging demand for its fundamental Gucci label.
The high-end vogue group, whose manufacturers additionally embrace Bottega Veneta, Balenciaga and Alexander McQueen, posted a 12% decline in fourth-quarter revenues to 4.39 billion euros ($4.52 billion), simply slightly forward of the 4.29 billion euros forecast by LSEG analysts.
Full-year sales additionally dipped 12% to 17.19 billion euros versus an anticipated 17.09 billion euros.
It is a breaking information story and will probably be up to date shortly.
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