GUCCI Struggles Amidst China Slowdown and Leadership Overhaul.

Gucci

French luxury conglomerate Kering, home to iconic brands like Gucci, Yves Saint Laurent, and Bottega Veneta, faced a challenging first quarter, marked by a 10% drop in sales. This decline, amounting to $4.8 billion (€4.5 billion), was attributed primarily to the struggles of its flagship brand, Gucci. With Gucci contributing significantly to Kering’s sales and […]