Displaying items by tag: growth strategy

Kering's stock took a significant hit, dropping 14% after the luxury group forecasted a concerning 20% decline in Gucci's sales in the first quarter, primarily due to reduced transactions in Asia. This projection, indicating an overall 10% decrease in group revenues for the initial three months of 2024, has unsettled the market, especially in contrast to the resilience shown by other luxury brands like LVMH and Hermes.