Kering Shares Plummet 9% on Profit Warning for Gucci Brand
Wednesday, 24 April 2024, 07:28
Kering Shares Decline Sharply
Shares of French luxury group Kering decreased by more than 9% following a profit warning related to declining sales of its Gucci brand.
Warning on First-Half Profits
The company expects a significant downturn in first-half profits due to waning demand for Gucci products, indicating challenges ahead.
Impact on Market
The plummet in Kering shares reflects investor concerns over the company's financial performance and position in the luxury goods industry.
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